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    US Stocks Higher; Dow Jumps Over 400 Points

    Benzinga·06/16/2025 14:25:05
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    U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 400 points on Monday.

    Following the market opening Monday, the Dow traded up 1.02% to 42,629.20 while the NASDAQ climbed 1.32% to 19,663.87. The S&P 500 also rose, gaining, 1.03% to 6,038.26.

    Check This Out: This Boston Scientific Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Monday

    Leading and Lagging Sectors

    Information technology shares jumped by 1.5% on Monday.

    In trading on Monday, energy stocks fell by 0.5%.

    Top Headline

    The New York Empire State Manufacturing Index dipped to a reading of -16 in June compared to May's reading of -9.2, and also down from market estimates of -5.5.

    Equities Trading UP
               

    • Regencell Bioscience Holdings Limited (NASDAQ:RGC) shares shot up 238% to $53.91 following effect of a 38-for-1 forward stock split.
    • Shares of SRM Entertainment, Inc. (NASDAQ:SRM) got a boost, surging 210% to $4.5250 after the company entered a securities purchase agreement with a private investor for a $100 million equity investment, which it will use to initiate a TRON token treasury strategy.
    • Dawson Geophysical Company (NASDAQ:DWSN) shares were also up, gaining 174% to $3.7492.

    Equities Trading DOWN

    • Robin Energy Ltd. (NASDAQ:RBNE) shares dropped 58% to $5.87. Robin Energy announced pricing of $5.1 million registered direct offering priced at-the-market under Nasdaq rules.
    • Shares of Sarepta Therapeutics, Inc. (NASDAQ:SRPT) were down 48% to $18.83 after the company suspended ELEVIDYS shipments and paused the ENVISION trial following a second fatal liver failure in non-ambulatory Duchenne patients.
    • Top Ships Inc. (NASDAQ:TOPS) was down, falling 47% to $5.09.

    Commodities

    In commodity news, oil traded down 3.3% to $70.54 while gold traded down 1.1% at $3,415.70.

    Silver traded up 0.1% to $36.395 on Monday, while copper rose 0.1% to $4.8190.

    Euro zone

    European shares were higher today. The eurozone's STOXX 600 rose 0.3%, while Spain's IBEX 35 Index rose 1.2%. London's FTSE 100 gained 0.334%, Germany's DAX 40 rose 0.6% and France's CAC 40 climbed 0.8% during the session.

    Asia Pacific Markets

    Asian markets closed higher on Monday, with Japan's Nikkei gaining 1.26%, Hong Kong's Hang Seng Index rising 0.70%, China's Shanghai Composite rising 0.35% and India's BSE Sensex climbing 0.84%.

    Economics

    The New York Empire State Manufacturing Index dipped to a reading of -16 in June compared to May's reading of -9.2, and also down from market estimates of -5.5.

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