Dow Surges Over 200 Points; Chicago Fed Activity Index Falls In August

U.S. stocks traded higher this morning, with the Dow Jones index gaining over 200 points on Monday.

Following the market opening Monday, the Dow traded up 0.50% to 51,940.52 while the NASDAQ climbed 0.82% to 26,740.27. The S&P 500 also rose, gaining, 0.59% to 7,695.90.

Leading and Lagging Sectors

Communication services shares jumped by 2% on Monday.

In trading on Monday, energy stocks fell by 1%.

Top Headline

The Chicago Fed National Activity Index fell to -0.04 in August versus a revised reading of +0.08 in the previous month.

Equities Trading UP
           

• Greenland Mines Ltd (NASDAQ:GRML) shares shot up 162% to $7.47 as traders react to historic U.S.-Denmark Greenland security headlines that could put a brighter spotlight on Greenland-linked strategic assets.
• Shares of Greenland Energy Co (NASDAQ:GLND) got a boost, surging 141% to $2.89 as a U.S. agreement with Denmark and Greenland puts a fresh spotlight on the island’s strategic value and its underground resource potential.
• Twin Vee PowerCats Co (NASDAQ:VEEE) shares were also up, gaining 93% to $16.32.

Equities Trading DOWN

• IM Cannabis Corp (NASDAQ:IMCC) shares dropped 33% to $2.84.
• Shares of Moleculin Biotech Inc (NASDAQ:MBRX) were down 29% to $0.55.
• Research Frontiers Inc (NASDAQ:REFR) was down, falling 27% to $0.47.

Commodities

In commodity news, oil traded down 3.2% to $97.06 while gold traded down 0.6% at $4,397.00.

Silver traded down 0.1% to $67.145 on Monday, while copper rose 1.9% to $6.8185.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 climbed 1.2%, while Spain’s IBEX 35 Index rose 1.2%, London’s FTSE 100 gained 1%, Germany’s DAX gained 1.2%, while France’s CAC 40 surged 1%.

Asia Pacific Markets

Asian markets closed higher on Monday, with Hong Kong’s Hang Seng index rising 1.18%, China’s Shanghai Composite rising 0.97% and India’s BSE Sensex gaining 0.76%.

Economics

The Chicago Fed National Activity Index fell to -0.04 in August versus a revised reading of +0.08 in the previous month.

Photo via Shutterstock