U.S. stocks traded higher midway through trading, with the S&P 500 index gaining around 1% on Monday.

The Dow traded up 0.37% to 38,859.32 while the NASDAQ rose 1.61% to 16,231.11. The S&P 500 also rose, gaining, 1.05% to 5,171.00.

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Leading and Lagging Sectors

Communication services shares jumped by 3.6% on Monday.

In trading on Monday, health care shares rose by just 0.2%.

Top Headline

The NAHB/Wells Fargo Housing Market Index rose to 51 in March, notching the highest reading in eight months, versus a reading of 48 in February and beating market estimates of 48.

Equities Trading UP

Canoo Inc. ( GOEV ) shares shot up 53% to $2.98 after the US Department of Commerce has approved its Oklahoma City facility as a Foreign Trade Zone.

Shares of Wearable Devices Ltd. ( WLDS ) got a boost, surging 29% to $0.5750. Wearable Devices ( WLDS ) published a report by its XR team suggesting 'The Mudra Band Can Be The Neural Bridge For Apple And Meta In Their Next Wave Of Smart Glasses Interaction.'

Verb Technology Company, Inc. ( VERB ) shares were also up, gaining 41% to $0.6224, possibly on continued strength after it announced its Market.live launched Facebook and Instagram social shopping technology integration on Friday.

Equities Trading DOWN

Solowin Holdings ( SWIN ) shares dropped 19% to $8.90 after reporting unaudited financial results for the first six months of fiscal year 2024.

Shares of Sonder Holdings Inc. ( SOND ) were down 31% to $3.79 after the company announced that it will delay its fourth-quarter and FY23 financial results due to accounting errors. Also, the company reported preliminary fourth-quarter and FY23 revenue results below estimates.

Worksport Ltd. ( WKSP ) was down, falling 26% to $0.5499 after the company announced pricing of $2.8 million registered direct offering & concurrent private placement.

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Commodities

In commodity news, oil traded up 0.6% to $81.50 while gold traded up 0.1% at $2,163.60.

Silver traded up 0.1% to $25.385 on Monday, while copper rose 0.9% to $4.1595.

Euro zone

European shares were mostly lower today. The eurozone's STOXX 600 fell 0.16%, London's FTSE 100 rose 0.01% while Spain's IBEX 35 Index fell 0.13% The German DAX fell 0.07% French CAC 40 fell 0.25% while Italy's FTSE MIB Index fell 0.06%.

Asia Pacific Markets

Asian markets closed higher on Monday, with Japan's Nikkei 225 jumping 2.67%, Hong Kong's Hang Seng Index rising 0.10%, China's Shanghai Composite Index gaining 0.99% and India's S&P BSE Sensex gaining 0.2%.

China's retail sales rose by 5.5% year-over-year in January-February, while unemployment rate averaged 5.3% in the same period. Chinese industrial production surged by 7.0% year-over-year in January-February. Japanese core machinery orders declined 1.7% month-over-month to 823.8 billion yen in January.

Economics

The NAHB/Wells Fargo Housing Market Index rose to 51 in March, notching the highest reading in eight months, versus a reading of 48 in February and beating market estimates of 48.

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