March 26, 2024
Nasdaq Gains Over 50 Points; US Durable Goods Orders Rise In February
Loading... Loading... U.S. stocks traded higher this morning, with the Nasdaq Composite gaining over 50 points on Tuesday. The Dow traded up 0.08% to 39,346.40 while the NASDAQ rose 0.39% to 16,448.92. The S&P 500 also fell, dropping, 0.23% to 5,230.19. Check This Out: Top 3 Energy Stocks That May Keep You Up At Night In Q1 Leading and Lagging Sectors Consumer discretionary shares jumped by 0.7% on Monday. In trading on Monday, energy shares fell by 0.2%. Top Headline U.S. durable goods orders increased by 1.4% month-over-month in February versus a revised 6.9% decline in January. Equities Trading UP Stoke Therapeutics, Inc. STOK shares shot up 74% to $11.31 after the company announced Phase 1/2a data supporting the potential for STK-001 in Dravet syndrome. Shares of C3is Inc. CISS got a boost, surging 67% to $0.0587 after the company reported a year-over-year increase in fourth-quarter financial results. OpGen, Inc. OPGN shares were also up, gaining 48% to $0.7021 after the company entered into a securities purchase agreement with a private investor, David Lazar, to acquire 3 million shares of Series E Convertible Preferred Stock at $1.00 per share for aggregate gross proceeds of $3.0 million. Loading... Loading... Equities Trading DOWN NeuBase Therapeutics, Inc. NBSE shares dropped 48% to $0.5152 after declining around 3% on Monday. Shares of Quhuo Limited QH were down 46% to $0.68. AppTech Payments Corp. APCX was down, falling 40% to $0.99 after the company priced its 2 million share offering at $1 per share. Also Check This Out: Wall Street's Most Accurate Analysts Say Buy These 3 Energy Stocks With Over 5% Dividend Yields Commodities In commodity news, Oil traded up 1.7% to $81.98 while gold traded up 0.9% at $ 2,196.70. Silver traded up 0.4% to $24.98 on Monday, while copper fell 0.1% to $4.0145. Euro zone European shares were higher today. The eurozone’s STOXX 600 rose 0.2%, London’s FTSE 100 rose 0.1% while Spain’s IBEX 35 Index rose 0.3% The German DAX rose 0.7% French CAC 40 rose 0.2% while Italy’s FTSE MIB Index rose 0.3%. The GfK Consumer Climate Indicator for Germany rose to -27.4 heading into April compared to a revised reading of -28.8 in the prior period. Spanish economy grew 0.6% in the fourth quarter, compared to a 0.4% increase in the prior period. Asia Pacific Markets Asian markets closed mixed on Tuesday, with Japan’s Nikkei 225 falling 0.04%, Hong Kong’s Hang Seng Index gaining 0.88%, China’s Shanghai Composite Index gaining 0.17% and India’s S&P BSE Sensex falling 0.50%. Hong Kong’s trade deficit narrowed to $41.7 billion in February versus a $45.4 billion gap recorded in the year-ago period. Economics U.S. durable goods orders increased by 1.4% month-over-month in February versus a revised 6.9% decline in January. The S&P CoreLogic Case-Shiller 20-city home price index increased by 6.6% year-over-year in January compared to a 6.2% gain in the prior month. The FHFA house price index fell by 0.1% in January. Now Read This: How To Earn $500 A Month From Micron Technology Stock After Last Week's Strong Earnings Loading... Loading...
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