financetom
World
financetom
/
World
/
Nasdaq Surges Over 400 Points; China Pharma Shares Plummet
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Nasdaq Surges Over 400 Points; China Pharma Shares Plummet
Apr 7, 2025 7:57 AM

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.

Check This Out: Wall Street’s Most Accurate Analysts Spotlight On 3 Industrials Stocks Delivering High-Dividend Yields

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.

Now Read This:

How To Earn $500 A Month From Walgreens Stock Ahead Of Q2 Earnings

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
GLOBAL MARKETS-Asia stocks fall despite China GDP beat; bond yields drop with Fed in focus
GLOBAL MARKETS-Asia stocks fall despite China GDP beat; bond yields drop with Fed in focus
Jan 16, 2025
* Dollar droops after dovish comments from Fed Governor Waller * Chinese shares supported as 2024 GDP hits Beijing's 5% target * Yen hits new high on growing bets for BOJ rate hike next week * Japan's Nikkei underperforms region as strong currency weighs (Changes dateline, updates with Asia markets open) By Sinéad Carew and Kevin Buckland TOKYO, Jan 17...
GLOBAL MARKETS-Global stock index outperforms Wall St, bond yields dip with rates in focus
GLOBAL MARKETS-Global stock index outperforms Wall St, bond yields dip with rates in focus
Jan 16, 2025
* Wall St muted after Europe, Asia gains * Trump's Treasury pick in the spotlight * Asian stocks boosted by tech, Europe by luxury, chipmakers * Yen rises on growing rate hike wagers (Updates prices to late afternoon including oil settlement) By Sinéad Carew and Alun John NEW YORK/LONDON, Jan 16 (Reuters) - MSCI's global equities gauge rose on Thursday,...
Brookfield Appoints Bruce Flatt as Chair After Mark Carney Resigns to Seek the Liberal Party Leadership
Brookfield Appoints Bruce Flatt as Chair After Mark Carney Resigns to Seek the Liberal Party Leadership
Jan 16, 2025
04:24 PM EST, 01/16/2025 (MT Newswires) -- Brookfield Asset Management ( BAM ) , on Thursday said chief executive Bruce Flatt will also serve as the asset-manager's board after Mark Carney resigned the post to seek the leadership of the Liberal Party of Canada. Carney resignation came ahead of the launch of his campaign Thursday to replace Prime Minister Justin...
EMERGING MARKETS-Latam FX, stocks dip as markets brace for Trump's second term
EMERGING MARKETS-Latam FX, stocks dip as markets brace for Trump's second term
Jan 16, 2025
* Brazil economic activity jumps in November * MSCI Latam FX index, stocks to snap three-day win streak * MSCI Latam FX off 0.7%, stocks down 1.69% (Updates to mid-session trading) By Purvi Agarwal and Pranav Kashyap Jan 16 (Reuters) - An index tracking Latin American emerging market currencies dipped on Thursday, with the Mexican peso spearheading declines due to...
Copyright 2023-2025 - www.financetom.com All Rights Reserved