Midway through trading Monday, the Dow traded up 0.18% to 36,402.21 while the NASDAQ rose 0.75% to 15,762.21. The S&P also rose, gaining 0.23% to 4,776.99.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 56,142,170 cases with around 847,400 deaths. India confirmed a total of at least 34,922,880 cases and 481,890 deaths, while Brazil reported over 22,293,220 COVID-19 cases with 619,170 deaths. In total, there were at least 290,705,240 cases of COVID-19 worldwide with more than 5,461,870 deaths.
Leading and Lagging Sectors
In trading on Monday, real estate shares fell 1.8%.
Tesla, Inc. (NASDAQ: TSLA) reported record quarterly and annual deliveries that exceeded the most optimistic Wall Street forecasts.
Tesla’s fourth-quarter deliveries came in at 308,600 units, the company said in a statement on Sunday. This represented a roughly 28% quarter-over-quarter increase from the 241,300 cars delivered in the third quarter. On a year-over-year basis, the change was about 71%.
Equities Trading UP
Immix Biopharma, Inc. (NASDAQ: IMMX) shares shot up 117% to $7.74. The FDA granted Rare Pediatric Disease (RPD) designation to newly listed Immix Biopharma’s IMX-110 for rhabdomyosarcoma, a form of pediatric cancer.
Shares of Creative Medical Technology Holdings, Inc. (NASDAQ: CELZ) got a boost, shooting 57% to $3.47. The stock may be seeing increased interested from retail investors.
Pear Therapeutics, Inc. (NASDAQ: PEAR) shares were also up, gaining 26% to $7.80. BTIG initiated coverage on Pear Therapeutics with a Buy rating and announced a price target of $12.
Equities Trading DOWN
Applied Therapeutics, Inc. (NASDAQ: APLT) shares tumbled 28% to $6.40. Following discussions with the FDA, Applied Therapeutics decided to hold on submitting a marketing application for AT-007 for Galactosemia pending additional talks with the agency.
Shares of uCloudlink Group Inc. (NASDAQ: UCL) were down 33% to $4.39 after climbing 32% on Friday.
CNH Industrial N.V. (NYSE: CNHI) was down, falling 14% to $16.72. CNH Industrial NV and Iveco Group executed the deed of demerger whereby, effective January 1, 2022, the relevant Iveco Group business segments separated from CNH Industrial.
Himax Technologies, Inc. (NASDAQ: HIMX) fell 12% to $14.07.
In commodity news, oil traded up 0.5% to $75.58, while gold traded down 1.2% to $1,806.20.
Silver traded down 1.5% Monday to $22.995 while copper fell 1.9% to $4.3775.
European shares were higher today. The eurozone’s STOXX 600 rose 0.49%, while Spain’s IBEX 35 Index gained 0.68%. The German DAX gained 1%, French CAC 40 surged 1.08% and Italy’s FTSE MIB Index jumped 1.42%.
The IHS Markit Eurozone manufacturing PMI was confirmed at 58 for December, recording weakest level since February. French manufacturing PMI rose to 55.6 in December from a preliminary reading of 54.9, while German manufacturing PMI fell to 57.4 in December from a preliminary level of 57.9. The IHS Markit Spain manufacturing PMI declined to 56.2 in December versus 57.1 a month ago.
The IHS Markit manufacturing PMI was revised lower to 57.7 in December from a preliminary reading of 57.8.
US construction spending rose 0.4% for November.
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