Dow Falls 150 Points; NY Empire State Manufacturing Index Rises In August

U.S. stocks traded mixed this morning, with the Dow Jones index falling around 150 points on Monday.

Following the market opening Monday, the Dow traded down 0.31% to 53,564.33 while the NASDAQ rose 0.03% to 26,735.95. The S&P 500 also fell, dropping, 0.12% to 7,776.72.

Leading and Lagging Sectors

Information technology shares rose by 0.4% on Monday.

In trading on Monday, consumer stapled stocks fell by 0.8%.

Top Headline

The New York Fed’s Empire State Manufacturing Index surged to 20.6 in August from a reading of 15.6 in the previous month and topping market estimates of 11.

Equities Trading UP
           

• IP Strategy Holdings Inc (NASDAQ:IPST) shares shot up 277% to $8.29 after rising around 6% on Friday.
• Shares of INVO Fertility Inc (NASDAQ:IVF) got a boost, surging 136% to $2.25 after the company reported better-than-expected second-quarter EPS results.
• Trugolf Holdings Inc (NASDAQ:TRUG) shares were also up, gaining 62% to $1.57 after gaining 11% on Friday.

Equities Trading DOWN

• EyePoint Inc (NASDAQ:EYPT) shares dropped 70% to $4.49 after the company announced topline results from LUGANO, the first pivotal Phase 3 clinical trial for DURAVYU.
• Shares of Fast Track Entertainment (NASDAQ:FTRK) were down 40% to $0.17.
• Nexgel Inc (NASDAQ:NXGL) was down, falling 38% to $0.35 after the company announced weak quarterly results.

Commodities

In commodity news, oil traded up 0.2% to $82.59 while gold traded up 0.1% at $4,439.30.

Silver traded up 0.3% to $65.275 on Monday, while copper fell 0.3% to $6.5950.

Euro zone

European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.1%, while Spain’s IBEX 35 Index slipped 0.5% London’s FTSE 100 fell 0.2%, Germany’s DAX declined 0.2%, while France’s CAC 40 slipped 0.5%.

Asia Pacific Markets

Asian markets closed mostly higher on Monday, with Japan’s Nikkei 225 gaining 0.74%, Hong Kong’s Hang Seng index surging 1.34%, China’s Shanghai Composite rising 1.41% and India’s BSE Sensex falling 0.36%.

Economics

The New York Fed’s Empire State Manufacturing Index surged to 20.6 in August from a reading of 15.6 in the previous month and topping market estimates of 11.

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