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US Stocks Open Higher; Dow Jumps Over 200 Points
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US Stocks Open Higher; Dow Jumps Over 200 Points
Jan 6, 2025 7:43 AM

U.S. stocks traded higher this morning, with the Dow Jones index surging more than 200 points on Monday.

Following the market opening Monday, the Dow traded up 0.58% to 42,979.82 while the NASDAQ gained 1.45% to 19,905.93. The S&P 500 also rose, gaining, 1.03% to 6,003.89.

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Leading and Lagging Sectors

Information technology shares jumped by 2% on Monday.

In trading on Monday, utilities shares fell by 0.9%.

Top Headline

The S&P Global services PMI was revised downward to 56.8 in December compared to a preliminary reading of 58.5, and versus a reading of 56.1 in November.

Equities Trading UP

                       

Regional Health Properties, Inc. ( RHE/PA ) shares shot up 220% to $4.9164. Regional Health announced plans to merge with SunLink in a $10 million preferred stock deal.

Shares of SciSparc Ltd. ( SPRC ) got a boost, surging 157% to $1.36 after announcing the publication of a European patent application for binge behavior.

fuboTV Inc. shares were also up, gaining 133% to $3.36 after the company announced it entered into a definitive agreement for Disney to combine its Hulu with Fubo to form a virtual MVPD company.

Equities Trading DOWN

AEON Biopharma, Inc. ( AEON ) shares dropped 69% to $0.1744 after the company announced the pricing of approximately $20.0 million underwritten public offering.

Shares of BioLineRx Ltd. were down 43% to $0.1543 after the company reported a $10 million registered direct offering.

Blue Hat Interactive Entertainment Technology ( BHAT ) was down, falling 42% to $0.0858 after the company reported the pricing of $4.4 million registered direct offering.

Commodities

In commodity news, oil traded up 1.2% to $74.85 while gold traded down 0.4% at $2,643.60.

Silver traded up 1.7% to $30.565 on Monday, while copper rose 2.8% to $4.1855.

Euro zone

European shares were higher today. The eurozone's STOXX 600 gained 0.5%, Germany's DAX 40 gained 1% and France's CAC 40 climbed 1.5%. Spain's IBEX 35 Index rose 0.7%, while London's FTSE 100 rose 0.1%.

Asia Pacific Markets

Asian markets closed lower on Monday, with Japan's Nikkei 225 falling 1.47%, China's Shanghai Composite Index falling 0.14%, Hong Kong's Hang Seng Index declining 0.36% and India's BSE Sensex falling 1.59%.

Economics

The S&P Global services PMI was revised downward to 56.8 in December compared to a preliminary reading of 58.5, and versus a reading of 56.1 in November.

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