Dow Jumps Over 300 Points; Chicago Fed National Activity Index Rises In February

U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 300 points on Monday.

Following the market opening Monday, the Dow traded up 0.82% to 42,331.37 while the NASDAQ climbed 1.49% to 18,049.82. The S&P 500 also rose, gaining, 1.07% to 5,728.47.

Check This Out: Top 3 Risk Off Stocks That May Explode This Month

Leading and Lagging Sectors

Consumer discretionary shares jumped by 2.2% on Monday.

In trading on Monday, health care shares gained by just 0.1%.

Top Headline

The Chicago Fed National Activity Index rose to 0.18 in February versus a reading of -0.08 in January.

Equities Trading UP

Integrated Media Technology Limited IMTE shares shot up 94% to $1.3699 after dipping over 42% on Friday.
Shares of TEN Holdings, Inc. XHLDgot a boost, surging 66% to $2.33 after announcing the Company’s ability to add conversational AI solutions to its service offering through a new partnership announced by V-Cube Inc.
Treasure Global Inc. TGL shares were also up, gaining 50% to $0.1652 after the company announced a strategic initiative to develop and deploy an advanced artificial intelligent cloud infrastructure in Malaysia.

Equities Trading DOWN

WANG & LEE GROUP, Inc. WLGS shares dropped 84% to $0.8107 after the company announced the pricing of $12.0 million registered direct offering.
Shares of 23andMe Holding Co. ME were down 46% to $0.96 after the company announced it has initiated voluntary Chapter 11 bankruptcy to pursue a strategic sale and secured $35M in DIP financing.
Unity Biotechnology, Inc. UBX was down, falling 29% to $1.2999 after the company reported topline results from the ASPIRE Phase 2b study in diabetic macular edema.

Commodities

In commodity news, oil traded up 0.1% to $68.30 while gold traded up 0.4% at $3,032.20.

Silver traded up 0.6% to $33.675 on Monday, while copper rose 0.8% to $5.1560.

Euro zone

European shares were lower today. The eurozone's STOXX 600 fell 0.3%, Germany's DAX 40 fell 0.3% and France's CAC 40 fell 0.5%. Spain's IBEX 35 Index fell 0.3%, while London's FTSE 100 slipped 0.2%.

Asia Pacific Markets

Asian markets closed higher on Monday, with Japan's Nikkei 225 falling 0.18%, China's Shanghai Composite Index rising 0.15%, Hong Kong's Hang Seng Index gaining 0.91% and India's BSE Sensex gaining 1.40%.

Economics

The Chicago Fed National Activity Index rose to 0.18 in February versus a reading of -0.08 in January.

Now Read This: