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Dow Jumps 800 Points; ISM Manufacturing PMI Falls In December

Benzinga·01/05/2026 18:54:35
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U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 250 points on Monday.

The Dow traded up 1.66% to 49,183.51 while the NASDAQ gained 0.80% to 23,420.85. The S&P 500 also rose, gaining, 0.81% to 6,913.76.

Check This Out: Wall Street’s Most Accurate Analysts Weigh In On 3 Industrials Stocks With Over 5% Dividend Yields

Leading and Lagging Sectors

Energy shares gained by 2.9% on Monday.

In trading on Monday, utilities stocks dipped by 2.2%.

Top Headline

The ISM manufacturing PMI declined for a third straight month to 47.9 in December, recording the lowest reading since October 2024, versus a reading of 48.2 in November and market estimates of 48.3.

Equities Trading UP
           

  • Momentus Inc (NASDAQ:MNTS) shares shot up 57% to $8.98 after the company announced the development of an additive-manufactured fuel tank that is scheduled to perform flight testing aboard its Vigoride-7 orbital service vehicle.
  • Shares of GH Research PLC (NASDAQ:GHRS) got a boost, surging 17% to $15.43. The U.S. Food and Drug Administration (FDA) on Monday lifted the clinical hold on GH Research's Investigational New Drug Application (IND) for GH001.
  • VerifyMe Inc (NASDAQ:VRME) shares were also up, gaining 66% to $1.12. VerifyMe and Open World entered into a letter of intent for strategic merger.

Equities Trading DOWN

  • Zenas Biopharma Inc (NASDAQ:ZBIO) shares dropped 57% to $14.94 after the company announced results from Phase 3 INDIGO trial of obexelimab in immunoglobulin G4-related disease.
  • Shares of Palisade Bio Inc (NASDAQ:PALI) were down 16% to $2.10.
  • Palvella Therapeutics Inc (NASDAQ:PVLA) was down, falling 14% to $86.16.

Commodities

In commodity news, oil traded up 1.7% to $58.30 while gold traded up 2.9% at $4,454.40.

Silver traded up 7.3% to $76.230 on Monday, while copper rose 5.1% to $5.9815.

Euro zone

European shares were higher today. The eurozone's STOXX 600 gained 0.94%, while Spain's IBEX 35 Index rose 0.70%. London's FTSE 100 rose 0.54%, Germany's DAX gained 1.34% and France's CAC 40 climbed 0.20% during the session.

Asia Pacific Markets

Asian markets closed mostly higher on Monday, with Japan's Nikkei 225 gaining 2.97%, Hong Kong's Hang Seng Index gaining 0.03%, China's Shanghai Composite surging 1.38% and India's BSE Sensex falling 0.38%.

Economics

The ISM manufacturing PMI declined for a third straight month to 47.9 in December, recording the lowest reading since October 2024, versus a reading of 48.2 in November and market estimates of 48.3.

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