Dow Jumps Over 400 Points; AstraZeneca Shares Rise After Q2 Earnings

U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 400 points on Monday.

Following the market opening Monday, the Dow traded up 0.80% to 52,361.92 while the NASDAQ climbed 0.23% to 25,024.65. The S&P 500 also rose, gaining, 0.28% to 7,432.59.

Leading and Lagging Sectors

Communication services shares jumped by 2.5% on Monday.

In trading on Monday, energy stocks fell by 1.84%.

Top Headline

AstraZeneca PLC (NASDAQ:AZN) shares gained over 2% on Monday after the company reported earnings for the second quarter.

The company reported second-quarter earnings of $2.63 per share which beat the analyst consensus estimate of $2.48 per share. The company reported quarterly sales of $15.384 billion which missed the analyst consensus estimate of $15.459 billion.

Equities Trading UP
           

• LiveWire Group Inc (NYSE:LVWR) shares shot up 112% to $3.05. LiveWire Group, last week, posted second-quarter results, in which consolidated revenue increased 55%.
• Shares of Baiya International Group Inc (NASDAQ:BIYA) got a boost, surging 91% to $3.68. Baiya International Group, last week, filed a prospectus for a $200 million mixed-shelf offering.
• Entera Bio Ltd (NASDAQ:ENTX) shares were also up, gaining 73% to $3.55 after the company reported announced pricing of oversubscribed $275 million private placement.

Equities Trading DOWN

• C3is Inc (NASDAQ:CISS) shares dropped 76% to $0.13 after the company priced a $6 million underwritten public offering.
• Shares of Capricor Therapeutics Inc (NASDAQ:CAPR) were down 65% to $6.93 after the FDA said the data for the company’s Duchenne Cell Therapy does not provide substantial evidence of effectiveness.
• AiRWA Inc (NASDAQ:YYAI) was down, falling 65% to $3.99 after the company announced that it has entered into a definitive agreement to acquire Hongkong Best Life Trade Co.

Commodities

In commodity news, oil traded down 6.6% to $83.44 while gold traded up 0.7% at $4,097.20.

Silver traded up 0.8% to $59.370 on Monday, while copper rose 0.6% to $6.3930.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 rose 0.9%, while Spain’s IBEX 35 Index gained 1.6% London’s FTSE 100 rose 0.6%, Germany’s DAX gained 1.7%, while France’s CAC 40 gained 1%.

Asia Pacific Markets

Asian markets closed higher on Monday, with Japan’s Nikkei 225 gaining 0.50%, Hong Kong’s Hang Seng index surging 0.98%, China’s Shanghai Composite surging 1.15% and India’s BSE Sensex jumping 1.02%.

Economics

U.S. durable goods orders rose 0.3% month-over-month to $334.77 billion in June, compared to a revised 4% gain in May, but down from market estimates of a 1.6% surge.

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