U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 400 points on Monday.
Following the market opening Monday, the Dow traded up 0.74% to 38,597.69 while the NASDAQ climbed 2.73% to 16,013.90. The S&P 500 also rose, gaining, 1.87% to 5,168.84.
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Leading and Lagging Sectors
Information technology shares surged by 4.7% on Monday.
In trading on Monday, consumer staples shares rose by just by 0.7%.
Top Headline
The Manheim Used Vehicle Value Index fell 0.7% month-over-month in March, matching the pace of decline in the previous month.
Equities Trading UP
Janover Inc. ( JNVR ) shares shot up 331% to $17.22. Janover ( JNVR ) raised $42 million in convertible notes and warrants from Pantera Capital, Kraken, Arrington Capital, and others.
Shares of Bluejay Diagnostics, Inc. ( BJDX ) got a boost, surging 136% to $8.07.
Chanson International Holding ( CHSN ) shares were also up, gaining 111% to $0.4620 as the company reported a year-over-year increase in FY24 financial results.
Equities Trading DOWN
Antelope Enterprise Holdings Limited ( AEHL ) shares dropped 44% to $2.3988. The company recently announced a 1-for-40 reverse stock split.
Shares of China Pharma Holdings, Inc. ( CPHI ) were down 38% to $0.1370 as the company reported a 1-for-10 reverse stock split.
reAlpha Tech Corp ( AIRE ) was down, falling 38% to $0.6401 as the company announced exercise of warrants for $3.1 million gross proceeds.
Commodities
In commodity news, oil traded up 2.4% to $63.45 while gold traded up 0.3% at $3,045.00.
Silver traded up 4.3% to $30.495 on Monday, while copper rose 0.4% to $4.4135.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 2.9%, Germany's DAX 40 dipped 2.1% and France's CAC 40 fell 2.4%. Spain's IBEX 35 Index fell 4.7%, while London's FTSE 100 dipped 2.1%.
Asia Pacific Markets
Asian markets closed lower on Monday, with Japan's Nikkei 225 dipping 7.83%, China's Shanghai Composite falling 7.34%, Hong Kong's Gang Seng index dipping 13.22% and India's BSE Sensex falling 2.95%.
Economics
The Manheim Used Vehicle Value Index fell 0.7% month-over-month in March, matching the pace of decline in the previous month.
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