U.S. stocks traded mostly lower this morning, with the Dow Jones index falling around 0.2% on Monday.
Following the market opening Monday, the Dow traded down 0.16% to 53,949.06 while the NASDAQ fell 0.07% to 26,672.55. The S&P 500 also fell, dropping, 0.09% to 7,750.93.
Leading and Lagging Sectors
Energy shares jumped by 1.9% on Monday.
In trading on Monday, real estate stocks fell by 0.9%.
Top Headline
Monday.Com Ltd (NASDAQ:MNDY) shares fell around 10% on Monday after the company reported second-quarter financial results and issued weak third-quarter sales guidance.
Monday.Com posted adjusted earnings of $1.48 per share, beating market estimates of $1.11 per share. The company’s sales came in at $364.621 million, versus expectations of $355.219 million.
Monday.Com said it sees third-quarter sales of $368.000 million-$370.000 million, versus market estimates of $372.734 million.
Equities Trading UP
- Socket Mobile Inc (NASDAQ:SCKT) shares shot up 576% to $2.61 after the company announced a North America distribution agreement with 3Eye Technologies for the company’s Apple-based scanning solutions.
- Shares of Jowell Global Ltd (NASDAQ:JWEL) got a boost, surging 145% to $3.80.
- Steakholder Foods Ltd – ADR (NASDAQ:STKH) shares were also up, gaining 120% to $4.13. Steakholder Foods recently disclosed up to $10.5 million private placement.
Equities Trading DOWN
- Sionna Therapeutics Inc (NASDAQ:SION) shares dropped 92% to $4.25 after the company reported topline data from the PreciSION CF Phase 2a proof-of-concept trial of SION-719 did not achieve key activity endpoint.
- Shares of Tenax Therapeutics Inc (NASDAQ:TENX) were down 88% to $1.58 after the company announced its Phase 3 LEVEL clinical trial evaluating TNX-103 did not meet its primary or key secondary endpoints.
- Airsculpt Technologies Inc (NASDAQ:AIRS) was down, falling 46% to $2.72 after the company reported worse-than-expected second-quarter sales results and narrowed its FY26 sales guidance below estimates.
Commodities
In commodity news, oil traded up 2% to $79.73 while gold traded down 0.2% at $4,390.70.
Silver traded up 1.1% to $64.190 on Monday, while copper rose 0.6% to $6.6280.
Euro zone
European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.1%, while Spain’s IBEX 35 Index gained 0.2% London’s FTSE 100 fell 0.4%, Germany’s DAX gained 0.2%, while France’s CAC 40 climbed 0.1%.
Asia Pacific Markets
Asian markets closed higher on Monday, with Japan’s Nikkei 225 gaining 2.08%, Hong Kong’s Hang Seng index gaining 1.05%, China’s Shanghai Composite rising 0.67% and India’s BSE Sensex rising 0.1%.
Economics
No major economic reports are scheduled for release today.
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