Loading... Loading... U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining around 0.1% on Monday. The Dow traded up 0.04% to 38,919.32 while the NASDAQ rose 0.11% to 16,266.07. The S&P 500 also rose, gaining, 0.07% to 5,208.09. Check This Out: Jim Cramer Isn't Going With This Tech Company: 'It's Complicated. I'm A Nvidia Guy' Leading and Lagging Sectors Consumer discretionary shares jumped by 0.9% on Monday. In trading on Monday, health care shares fell by 0.3%. Top Headline Perion Network Ltd. PERI slashed its FY24 revenue guidance. Perion Network said it sees first-quarter revenue of $157 million, versus market estimates of $175.53 million. The company said it now expects FY24 revenue of $590 million to $610 million, versus prior outlook of $860 million to $880 million. Equities Trading UP Auddia Inc. AUUD shares shot up 199% to $4.27 after the company announced the USPTO awarded it with U.S. Patent 11,935,520 for the core AI technology the company uses in its flagship faidr app to deliver ad-free AM/FM radio stations to paid subscribers. Shares of UTime Limited WTO got a boost, surging 48% to $0.2738 after the company completed a private placement. Longeveron Inc. LGVN shares were also up, gaining 62% to $3.5599 after the company submitted paperwork for a share offering. Loading... Loading... Equities Trading DOWN Perion Network Ltd. PERI shares dropped 40% to $12.62 after the company slashed FY24 revenue guidance and issued first-quarter outlook below estimates. Shares of Agenus Inc. AGEN were down 18% to $0.4151. Agenus disclosed a 1-for-20 reverse stock split of common stock. Douglas Dynamics, Inc. PLOW was down, falling 7% to $22.39. Baird analyst Timothy Wojs downgraded Douglas Dynamics from Outperform to Neutral and lowered the price target from $36 to $25. Also Check This Out: This Analyst With 86% Accuracy Rate Sees More Than 16% Upside In Intel - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts Commodities In commodity news,
Oil traded down 0.4% to $86.57 while gold traded up 0.6% at $2,358.40. Silver traded up 1.7% to $27.97 on Monday, while copper rose 1.3% to $4.2920. Euro zone European shares closed mostly higher today. The eurozone’s STOXX 600 gained 0.47%, London’s FTSE 100 rose 0.41% while Spain’s IBEX 35 Index fell 0.04% The German DAX gained 0.79% French CAC 40 climbed 0.72% while Italy’s FTSE MIB Index gained 0.90%. Imports into
Germany increased 3.2% month-over-month to EUR 111.5 billion in February, while exports from Germany fell 2% month-over-month to EUR 132.9 billion. German industrial production climbed by 2.1% month-over-month during February. Asia Pacific Markets Asian markets closed mixed on Monday, with Japan’s Nikkei 225 gaining 0.91%, Hong Kong’s Hang Seng Index gaining 0.05%, China’s Shanghai Composite falling 0.72% and India’s S&P BSE Sensex gaining 0.67%. Foreign exchange reserves in
Singapore increased to SGD 497.3 billion in March from SGD 480.4 billion a month ago. The gauge for Japanese service sector declined to 49.8 in March versus 51.3 a month ago. Japan’s current account surplus widened to JPY 2,644.2 billion in February from JPY 2,200.3 billion in the year-ago month. Chinese foreign exchange reserves jumped by $19.8 billion to $3.246 trillion during March. Economics There were no major US economic releases Monday. Now Read This:
Amazon, Alphabet And A Pharmaceutical Giant: CNBC's 'Final Trades' Loading... Loading...