Dow Falls Over 150 Points; Tyson Foods Posts Upbeat Earnings

U.S. stocks traded lower this morning, with the Dow Jones index falling more than 150 points on Monday.

Following the market opening Monday, the Dow traded down 0.36% to 49,321.96 while the NASDAQ slipped 0.02% to 25,109.76. The S&P 500 also fell, dropping, 0.09% to 7,223.30.

Leading and Lagging Sectors

Consumer discretionary shares jumped by 0.4% on Monday.

In trading on Monday, energy stocks fell by 1%.

Top Headline

Tyson Foods (NYSE:TSN) posted better-than-expected earnings for the second quarter on Monday.

The company posted adjusted EPS of 87 cents, beating market estimates of 78 cents. The company's sales came in at $13.653 billion versus expectations of $13.611 billion.

Equities Trading UP
           

• CNS Pharmaceuticals Inc (NASDAQ:CNSP) shares shot up 319% to $9.69 after the company announced a $22.5 million private placement of 650,000 shares at $2.30 per share and warrants.
• Shares of Skycorp Solar Group Ltd (NASDAQ:PN) got a boost, surging 83% to $5.25 after the company announced it acquired the remaining stake in Nanjin Cesun Power.
• Global Business Travel Group Inc (NYSE:GBTG) shares were also up, gaining 57% to $9.30 after the company reported better-than-expected first-quarter financial results.

Equities Trading DOWN

• Xanadu Quantum Technologies (NASDAQ:XNDU) shares dropped 65% to $12.54. Xanadu will report first quarter financial results on May 14.
• Shares of Origin Materials Inc (NASDAQ:ORGN) were down 49% to $1.35 after the company announced it is selling its PET cap technology and an orderly wind down of operations. The company is reducing its workforce.
• 22nd Century Group Inc (NASDAQ:XXII) was down, falling 40% to $0.82 after the company announced it filed a prospectus to sell up to $6.4 million shares under a sales agreement.

Commodities

In commodity news, oil traded up 0.3% to $102.26 while gold traded down 1.3% at $4,584.50.

Silver traded down 2.7% to $74.375 on Monday, while copper fell 1.1% to $5.9160.

Euro zone

European shares were lower today. The eurozone's STOXX 600 fell 0.4%, while Spain's IBEX 35 Index fell 1.6%. Germany's DAX fell 0.2%, while France's CAC 40 dipped 0.9%.

Asia Pacific Markets

Asian markets closed higher on Monday, with Hong Kong's Hang Seng Index gaining 1.24% and India's BSE Sensex rising 0.4%

Economics

U.S. light vehicle sales fell to an annual rate of 15.9 million units in April, from 16.3 million in the previous month.

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