By the close of trading on Monday, the Dow climbed 0.82% to 34,152.49, while the NASDAQ fell 0.36% to 13,912.07. The S&P also rose, adding 0.41% to 4,198.29.
The United States has the largest number of coronavirus cases and deaths in the world, with 32,421,920 cases and about 577,040 deaths. India has confirmed a total of at least 19,925,510 cases and 218,950 deaths, while Brazil has reported over 14,754,910 COVID-19 cases with 407,630 deaths. In total, there have been at least 152,903,900 COVID-19 cases and more than 3,203,490 deaths worldwide, according to data compiled by Johns Hopkins University.
Leading and lagging sectors
Energy shares rose 2.5% on Monday. Meanwhile, the growth leaders in the sector included CONSOL Energy Inc. (NYSE: CEIX), up 15%, and Peabody Energy Corporation (NYSE: BTU), up 15%.
Consumer discretionary shares fell 0.5% in Monday trading.
Estée Lauder Companies Inc. (NYSE: EL) reported stronger than expected profit for the third quarter, while sales missed views.
Estee Lauder reported quarterly earnings of $ 1.62 per share, beating analysts’ estimates of $ 1.31 per share. The company posted quarterly sales of $ 3.86 billion, which fell short of expectations of $ 3.93 billion.
Estee Lauder said it forecasts earnings per share growth in fiscal 21 of 45-47% and sales growth of 11-12%.
Upward trading stocks
Ocugen, Inc. Shares (NASDAQ: OCGN) jumped 20% to $ 15.21 after the company announced that COVAXIN showed potential effectiveness against Brazilian variant SARS-CoV-2, B.1.128.2 in new research.
Promotions Brooklyn ImmunoTherapeutics, Inc. (NYSE: BTX) rallied 31% to $ 65.30 as the stock continued to rally in popularity on subreddit r / wallstreetbets. Brooklyn ImmunoTherapeutics filed Form 8-K on Friday showing that it entered into a sale and purchase agreement with Lincoln Park Capital on April 26, under which the company can sell up to $ 20 million in common stock to a Chicago investment group and asset management company. firm. In addition, Nicholas J. Singer said he acquired a 9% stake in the company during 13G filing on Friday.
Milestone Scientific Inc. The stock (NASDAQ: MLSS) also rose 19% to hit $ 2,9950. Milestone Scientific said first-quarter pre-sales were $ 2.9 million, up from $ 1.8 million.
Look at these great figures of the day
Stocks are trading down
Vaxart, Inc. Shares (NASDAQ: VXRT) fell 26% to $ 7.97 after the company reported a broader loss in the first quarter.
Promotions Novavax, Inc. (NASDAQ: NVAX) fell 16% to $ 198.86, even as the company began expanding pediatric care to test the COVID-19 vaccine. The weakness is potentially linked to profit-taking after shares rallied last week after several positive catalysts.
AVROBIO, Inc. (NASDAQ: AVRO) fell 16% to $ 9.78 after the company provided an update on its regulatory plans for AVR-RD-01, its lentiviral gene therapy for Fabry disease, which is currently in trial phase 2 FAB-GT. SVB Leerink analyst Mani Forohar supported Avrobio with Market Perform and lowered its price target from $ 18 to $ 10.
On the commodity side, oil rose 1.5% to $ 64.51, while gold rose 1.4% to $ 1,792.40.
Silver rose 4.3% Monday to $ 26.995, while copper rose 1.4% to $ 4.5305.
European shares closed higher today. Eurozone STOXX 600 added 0.58%, Spanish Ibex Index – 0.89%, and German DAX 30 – 0.66%. Meanwhile, France’s CAC 40 rose 0.61% and Italy’s FTSE MIB rose 1.15%.
The IHS Markit Eurozone Manufacturing PMI rose to 62.9 in April from a March final of 62.5. Germany’s manufacturing PMI fell to 66.2 in April from a record 66.6 in March, while France’s manufacturing PMI fell to 58.9 in April from 59.3 in March. Spain’s manufacturing PMI rose to 57.7 in April from 56.9 in the previous month.
IHS Markit’s manufacturing PMI was revised to 60.5 in April from a preliminary reading of 60.6.
The ISM Manufacturing PMI fell to 60.7 in April from 64.7 in March.
Construction spending rose 0.2% in March to $ 1.51 trillion a year.
Check out the full economic calendar here
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