Crude Oil Rises 1%; Manufacturing Activity in New York Falls In September

Benzinga
Sep 16

U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining around 0.1% on Monday.

The Dow traded up 0.06% to 45,856.77 while the NASDAQ rose 0.75% to 22,307.16. The S&P 500 also rose, gaining, 0.37% to 6,608.41.

Check This Out: 5 Stocks In The Spotlight From Wall Street’s Most Accurate Analysts Last Week

Leading and Lagging SectorsConsumer discretionary shares jumped by 1.9% on Monday.

In trading on Monday, health care stocks fell by 0.5%.

Top Headline

The New York Empire State Manufacturing Index declined to -8.7 in September, from 11.9 in August and versus market estimates of 5.

Equities Trading UP           

  • Check-Cap Ltd. (NASDAQ:CHEK) shares shot up 261% to $2.68. MBody AI and Check Cap Ltd announced that they have entered into a definitive merger agreement.
  • Shares of Helius Medical Technologies, Inc. (NASDAQ:HSDT) got a boost, surging 161% to $19.70 after the company announced the launch of a $1.25 billion SOL-backed treasury strategy with an oversubscribed PIPE offering at $6.88 per share and $10.13 warrants.
  • Robo.ai Inc. (NASDAQ:AIIO) shares were also up, gaining 43% to $2.0850. Robo.ai announced that it has signed a final joint venture agreement with JW Group and Ferox Investments L.L.C. to establish Robo.ai Industrial City in Dubai Industrial City.

Equities Trading DOWN

  • aTyr Pharma, Inc. (NASDAQ:ATYR) shares dropped 81% to $1.1694 after the company announced topline results from its Phase 3 EFZO-FIT study of efzofitimod in pulmonary sarcoidosis did not meet its primary endpoint.
  • Shares of Avidity Biosciences, Inc. (NASDAQ:RNA) were down 7% to $41.68. Avidity Biosciences filed for an offering of 15 million shares of common stock.
  • The Hain Celestial Group, Inc. (NASDAQ:HAIN) was down, falling 26% to $1.5894 after the company reported worse-than-expected fourth-quarter financial results.

CommoditiesIn commodity news, oil traded up 1% to $63.31 while gold traded up 0.3% at $3,698.80.

Silver traded down 0.1% to $42.810 on Monday, while copper rose 1% to $4.6975.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 rose 0.47%, while Spain's IBEX 35 Index rose 0.63%. London's FTSE 100 fell 0.01%, Germany's DAX 40 gained 0.27% and France's CAC 40 rose 1.05% during the session.

Asia Pacific Markets

Asian markets closed mostly mixed on Monday, with Hong Kong's Hang Seng rising 0.22%, China's Shanghai Composite falling 0.26% and India's BSE Sensex declining 0.15%.

Economics

The New York Empire State Manufacturing Index declined to -8.7 in September, from 11.9 in August and versus market estimates of 5.

Now Read This:

  • General Mills Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts

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