Crude Oil Jumps 3%; Corning Shares Move Lower

U.S. stocks traded lower midway through trading, with the Dow Jones index falling around 0.2% on Monday.

The Dow traded down 0.16% to 52,486.56 while the NASDAQ dipped 0.49% to 26,203.84. The S&P 500 also fell, dropping, 0.40% to 7,626.15.

Leading and Lagging Sectors

Communication services shares jumped by 2% on Monday.

In trading on Monday, information technology stocks fell by 1.5%.

Top Headline

Nvidia Corp. (NASDAQ:NVDA) is said to be in talks to invest in Anthropic’s upcoming IPO. The chipmaker is reportedly considering investing up to $10 billion as an anchor investor.

Equities Trading UP
           

• Elmet Group Co (NASDAQ:ELMT) shares shot up 43% to $23.14. The company disclosed its plans to use part of the $450 million committed investment from the United States Department of Defense to boost tungsten supply chain and expand U.S. manufacturing units.
• Shares of Rum Group Inc (NASDAQ:RUM) got a boost, surging 15% to $8.22. The move followed a report identifying Anthropic as the customer behind RUM Group’s $13.7 billion GPU services contract.
• Tyra Biosciences Inc (NASDAQ:TYRA) shares were also up, gaining 16% to $25.63. Tyra announced pricing of $400 million underwritten offering of common stock and pre-funded warrants.

Equities Trading DOWN

• Corning Inc (NYSE:GLW) shares dropped 12% to $145.83 after the company announced a $2 billion offering.
• Shares of Q/C Technologies Inc (NASDAQ:QCLS) were down 65% to $0.60. Q/C Technologies terminated consulting agreements with Chelsea Voss and Ocean Avenue Holdings, affiliate of Martin Shkreli.
• Cellectis SA (NASDAQ:CLLS) was down, falling 41% to $1.84 after the company announced a strategic transformation to become an in vivo gene editing entity focused on long-lasting treatments for chronic diseases.

Commodities

In commodity news, oil traded up 3% to $102.93 while gold traded down 2.1% at $4,317.20.

Silver traded down 2.7% to $63.40 on Monday, while copper fell 2.9% to $6.3595.

Euro zone

European shares were mostly lower today. The eurozone’s STOXX 600 declined 0.6% while Spain’s IBEX 35 Index fell 1.5%, London’s FTSE 100 gained 0.4%, Germany’s DAX fell 0.8%, while France’s CAC 40 dropped 1.1%.

Asia Pacific Markets

Asian markets closed mixed on Monday, with Japan’s Nikkei 225 dipping 0.81%, Hong Kong’s Hang Seng index gaining 0.45% and China’s Shanghai Composite falling 0.07%.

Economics

No major economic reports are scheduled for release today.

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