U.S. stocks traded lower this morning, with the Dow Jones index dipping around 100 points on Monday.

Following the market opening Monday, the Dow traded down 0.27% to 38,618.51 while the NASDAQ fell 0.16% to 16,058.93. The S&P 500 also fell, dropping, 0.24% to 5,111.38.

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Leading and Lagging Sectors

Materials shares jumped by 0.6% on Monday.

In trading on Monday, information technology shares fell by 0.9%.

Top Headline

Eltek Ltd. ( ELTK ) posted downbeat earnings for its fourth quarter on Monday.

Eltek ( ELTK ) posted quarterly earnings of 22 cents per share, missing market estimates of 31 cents per share.

Equities Trading UP

Kidpik Corp. ( PIK ) shares shot up 254% to $9.57. Kidpik ( PIK ) recently announced a 1-for 5 reverse stock split.

Shares of Fangdd Network Group Ltd. ( DUO ) got a boost, surging 95% to $1.1780 after the company announced its 2024 strategic layout with plans to enter the real estate stock asset services sector

TC Biopharm (Holdings) Plc shares were also up, gaining 69% to $1.79.

Equities Trading DOWN

Eltek Ltd. ( ELTK ) shares dropped 22% to $10.90 after the company announced downbeat quarterly earnings.

Shares of Jeffs' Brands Ltd ( JFBR ) were down 24% to $1.20.

CERo Therapeutics Holdings, Inc. ( CERO ) was down, falling 21% to $3.12 after jumping 28% on Friday. CERo Therapeutics ( CERO ) recently announced the publication of preclinical research analyzing CER-1236 in targeting Acute Myelogenous Leukemia tumor cells from human patients.

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Commodities

In commodity news, oil traded down 0.7% to $77.44 while gold traded down 0.1% at $2,184.20.

Silver traded up 0.3% to $24.615 on Monday while copper rose 0.8% to $3.9220.

Euro zone

European shares were mostly lower today. The eurozone's STOXX 600 fell 0.4%, London's FTSE 100 fell 0.3% while Spain's IBEX 35 Index rose 0.1% The German DAX fell 0.6% French CAC 40 fell 0.2% while Italy's FTSE MIB Index fell 0.4%.

Spanish retail trade rose by 0.3% year-over-year in January versus a revised 2.7% gain in the previous month.

Asia Pacific Markets

Asian markets closed mixed on Monday, with Japan's Nikkei 225 dipping 2.19%, Hong Kong's Hang Seng Index gaining 1.43%, China's Shanghai Composite Index gaining 0.74% and India's S&P BSE Sensex falling 0.81%.

Chinese vehicle sales dipped by 19.9% year-over-year to 1.58 million units in February versus a 47.9% surge in the prior month. Japanese machine tool orders declined by 8% year-over-year to JPY 114,154 million in February. Japan's GDP expanded by 0.1% quarter-over-quarter in the fourth quarter versus a 0.8% contraction in the third quarter.

Economics

No economic report of significance is due for Monday

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