The Nasdaq Composite was up about 90 points on Monday and US stocks traded near highs this morning.
After the market opened on Monday, the Dow rose 0.11% to trade at 33,411.62 while the NASDAQ rose 0.79% to 11,228.13. The S&P 500 also rose, gaining 0.40% to 3,988.54.
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Leading and lagging sectors
- Information technology stocks rose 1.1% on Monday.Meanwhile, the sector’s top gainers include Terrawolf Co., Ltd. Wolfup 10%, and Ribbon Communications Co., Ltd. RBBNan increase of 8%.
- Real estate fell 0.6% in trading on Monday.
top headline
Synchrony Financial SYF reported better-than-expected fourth quarter results.
Synchrony Financial posted fourth-quarter earnings of $1.26 per share, beating analysts’ expectations of $1.12 per share. The company’s quarterly sales were $4.11 billion, compared to expectations of $4.1 billion.
Stock trading up
- Pryant Therapeutics, Inc. PLRX The stock surged 48% to $33.31 after the company announced that its trial in patients with idiopathic pulmonary fibrosis met its primary and secondary endpoints.
- shares of Wayfair Inc. W. The stock surged 26% to $59.05 after multiple analysts upgraded the stock following the company’s cost efficiency plans and earnings updates.
- Cadrenal Therapeutics, Inc. CVKD The stock also rose, rising 23% to $5.07. Cadrenal Therapeutics has received FDA Fast Track designation for tecalfarin for the prevention of systemic thromboembolism of cardiac origin in patients with end-stage renal disease and atrial fibrillation.
stock trading down
- Catalyst Pharmaceuticals, Inc. CPRX Shares fell 29% to $14.71 after Teva Pharmaceuticals announced plans to market a generic version of Catalyst’s FIRDAPSE in the US.
- shares of Cosmos Health Co., Ltd. COSM It was down 12% to $4.67. Cosmos Health has updated the payment terms of its agreement to acquire ZipDoctor.
- Jaguar Health Co., Ltd. JAGXMore fell, down 13% to $5.55. Jaguar Health has announced the formation of the Board of Directors of its newly formed joint venture Magdalena Biosciences.
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merchandise
In commodity news, oil rose 0.7% to $82.17 and gold fell 0.7% to $1,915.10.
Silver fell 4% to $22.99 on Monday while copper fell 0.3% to $4.2380.
Eurozone
European stocks were mixed today. His STOXX 600 in the Eurozone rose 0.1%, his FTSE 100 in London rose 0.2% and his IBEX 35 index in Spain fell 0.1%. Germany’s DAX was up 0.1%, France’s CAC 40 was up 0.2% and Italy’s FTSE MIB Index was down 0.4%.
Asia Pacific market
Asian markets closed higher on Monday, with Japan’s Nikkei 225 up 1.33% and India’s S&P BSE Sensex up 0.5%. Many Asian markets were closed for the Lunar New Year holiday.
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COVID-19 update
The United States has the highest number of coronavirus cases and deaths in the world, with a total of 103,856,210 cases and about 1,128,800 deaths reported. India has confirmed at least 44,682,010 cases and 530,730 deaths, while France has reported more than 39,484,540 COVID-19 cases and 163,750 deaths. In total, there are at least 673,376,870 cases of her COVID-19 worldwide, with more than 6,746,780 deaths.
