Dow Gains Over 200 Points; Chipotle Shares Move Lower

U.S. stocks traded mixed midway through trading, with the Dow Jones index gaining over 200 points on Monday.

The Dow traded up 0.47% to 51,895.66 while the NASDAQ fell 0.19% to 27,313.54. The S&P 500 also rose, gaining, 0.04% to 7,814.93.

Leading and Lagging Sectors

Energy shares jumped by 1.9% on Monday.

In trading on Monday, information technology stocks fell by 0.6%.

Top Headline

Chipotle Mexican Grill Inc. (NYSE:CMG) shares fell around 4% on Monday after Starbucks Corporation (NASDAQ:SBUX) denied that it is considering acquiring the fast-casual chain.

According to CNBC, a Starbucks spokesperson told CNBC’s Jim Cramer, “Starbucks is not buying Chipotle.” The denial follows days of rumors about what would be the biggest restaurant takeover ever.

Equities Trading UP
           

• First Tracks Biotherapeutics, Inc. (NASDAQ:TRAX) shares shot up 13% to $36.09 after the company released topline results from Cohort 1 of its Phase 1b clinical trial of ANB033 in celiac disease.
• Shares of J-Star Holding Co Ltd (NASDAQ:YMAT) got a boost, surging 60% to $2.0601 after the company announced its ongoing corporate capital initiatives will fund the planned U.S. expansion for drone frame manufacturing.
• Euro Tech Holdings Company Ltd (NASDAQ:CLWT) shares were also up, gaining 57% to $2.14 after the company announced its entry into Norway through a 50/50 JV agreement between Sea Clean and its subsidiary, Euro Tech Global.

Equities Trading DOWN

• Service Properties Trust (NASDAQ:SVC) shares dipped 8% to $6.61. Service Properties Trust confirmed unsolicited $2.0 billion cash proposal from TKO to acquire its hospitality portfolio.
• Shares of China SXT Pharmaceuticals Inc (NASDAQ:SXTC) were down 31% to $0.10. Univest Securities, LLC announced closing of $12 million registered direct offering for its client China SXT Pharmaceuticals.
• TTM Technologies, Inc. (NASDAQ:TTMI) was down, falling 7% to $112.90. TTM Technologies announced $400 million in planned strategic investments to accelerate AI infrastructure capacity in China and Malaysia.

Commodities

In commodity news, oil traded up 2.1% to $93.77 while gold traded down 0.5% at $4,195.40.

Silver traded down 0.4% to $60.810 on Monday, while copper rose 1.2% to $6.7730.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 rose 0.5%, while Spain’s IBEX 35 Index gained 0.9%, London’s FTSE 100 rose 0.7%, Germany’s DAX gained 0.8%, while France’s CAC 40 gained 0.2%.

Asia Pacific Markets

Asian markets closed mixed on Monday, with Hong Kong’s Hang Seng Index jumping 0.25%, China’s SSE Composite Index falling 0.43% and India’s BSE Sensex falling 0.76%.

Economics

No major economic reports are scheduled for release today.

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