Crude Oil Jumps 3%; Corning Shares Move Lower

Benzinga Earnings
3 hours ago

U.S. stocks traded lower midway through trading, with the Dow Jones index falling around 0.2% on Monday.

The Dow traded down 0.16% to 52,486.56 while the NASDAQ dipped 0.49% to 26,203.84. The S&P 500 also fell, dropping, 0.40% to 7,626.15.

Leading and Lagging Sectors

Communication services shares jumped by 2% on Monday.

In trading on Monday, information technology stocks fell by 1.5%.

Top Headline

Nvidia Corp. (NASDAQ:NVDA) is said to be in talks to invest in Anthropic’s upcoming IPO. The chipmaker is reportedly considering investing up to $10 billion as an anchor investor.

Equities Trading UP           

  • Elmet Group Co (NASDAQ:ELMT) shares shot up 43% to $23.14. The company disclosed its plans to use part of the $450 million committed investment from the United States Department of Defense to boost tungsten supply chain and expand U.S. manufacturing units.
  • Shares of Rum Group Inc (NASDAQ:RUM) got a boost, surging 15% to $8.22. The move followed a report identifying Anthropic as the customer behind RUM Group’s $13.7 billion GPU services contract.
  • Tyra Biosciences Inc (NASDAQ:TYRA) shares were also up, gaining 16% to $25.63. Tyra announced pricing of $400 million underwritten offering of common stock and pre-funded warrants.

Equities Trading DOWN

  • Corning Inc (NYSE:GLW) shares dropped 12% to $145.83 after the company announced a $2 billion offering.
  • Shares of Q/C Technologies Inc (NASDAQ:QCLS) were down 65% to $0.60. Q/C Technologies terminated consulting agreements with Chelsea Voss and Ocean Avenue Holdings, affiliate of Martin Shkreli.
  • Cellectis SA (NASDAQ:CLLS) was down, falling 41% to $1.84 after the company announced a strategic transformation to become an in vivo gene editing entity focused on long-lasting treatments for chronic diseases.

CommoditiesIn commodity news, oil traded up 3% to $102.93 while gold traded down 2.1% at $4,317.20.

Silver traded down 2.7% to $63.40 on Monday, while copper fell 2.9% to $6.3595.

Euro zone

European shares were mostly lower today. The eurozone’s STOXX 600 declined 0.6% while Spain’s IBEX 35 Index fell 1.5%, London’s FTSE 100 gained 0.4%, Germany’s DAX fell 0.8%, while France’s CAC 40 dropped 1.1%.

Asia Pacific Markets

Asian markets closed mixed on Monday, with Japan’s Nikkei 225 dipping 0.81%, Hong Kong’s Hang Seng index gaining 0.45% and China’s Shanghai Composite falling 0.07%.

Economics

No major economic reports are scheduled for release today.

Photo via Shutterstock

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10