U.S. stocks traded mostly higher toward the end of trading, while the Nasdaq Composite moved slightly lower on Monday.
The Dow traded up 0.52% to 38,873.28 while the NASDAQ fell 0.10% to 15,975.16. The S&P 500 also rose, gaining 0.12% to 5,032.46.
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Market Trends
Energy shares rose by 1.1% on Monday.
In trading on Monday, health care shares fell by 0.1%.
Top Headline
Martin Marietta Materials Inc disclosed a deal to acquire active operations in several states from affiliates of Blue Water Industries LLC for $2.05 billion in cash.
Winners and Losers
Beamr Imaging Ltd. shares shot up 1,082% after the company announced it will present joint research with Nvidia at a video conference.
Shares of ContextLogic Inc. got a boost, surging 45% after the company announced an agreement to sell substantially all of its operating assets and liabilities to another entity for approximately $173 million in cash.
Millennium Group International Holdings Limited shares were also up, gaining 509% after an entity reported an 88.89% stake in the company.
AN2 Therapeutics, Inc. shares dropped 75% after the company announced it will voluntarily pause enrollment in a clinical trial.
Shares of TOP Financial Group Limited were down 40% after the company announced a registered direct offering.
Big Lots, Inc. was down, falling 30% after the company reported preliminary fourth-quarter results.
Commodities
In commodity news, oil traded down 0.1% to $76.77 while gold traded down 0.3% at $2,032.00.
Silver traded up 0.7% to $22.755 on Monday while copper rose 1% to $3.7165.
Global Market Overview
European shares were higher today. The eurozone’s STOXX 600 rose 0.54%, London’s FTSE 100 rose 0.01% while Spain’s IBEX 35 Index rose 0.89% The German DAX rose 0.65% French CAC 40 rose 0.55% while Italy’s FTSE MIB Index gained 0.97%.
The BNP Paribas Real Estate Construction PMI in Ireland edged higher to 45.9 in January from December’s reading of 45.1.
Asia Pacific markets closed lower on Monday, with India’s S&P BSE Sensex falling 0.60% and Australia’s S&P/ASX 200 falling 0.39%.
Economics
The U.S. Federal budget deficit shrank to $22 billion in January, compared to the $39 billion gap recorded in the year-ago period, the Treasury Department said.
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