U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 500 points on Monday.

Following the market opening Monday, the Dow traded up 1.14% to 47,091.01 while the NASDAQ rose 1.38% to 22,411.52. The S&P 500 also rose, gaining, 1.24% to 6,714.50.

Check This Out: How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q4 Earnings

Leading and Lagging Sectors

Financial shares climbed by 1.6% on Monday.

In trading on Monday, energy stocks rose by just 0.2%.

Top Headline

The NY Empire State Manufacturing Index declined to -0.2 in March from 7.1 in the previous month, down from market estimates of 3.2.

Equities Trading UP

Urgent.ly Inc ( ULY ) shares shot up 164% to $5.36 after the company announced it entered into an agreement to be acquired by Agero for $5.50 in cash per share.Also, the company reported better-than-expected fourth-quarter financial results.

Shares of Meiwu Technology Co Ltd ( WNW ) got a boost, surging 104% to $3.68 after the company announced strategic AI insights initiative to support functional skincare product innovation.

Hcw Biologics Inc ( HCWB ) shares were also up, gaining 90% to $0.98 after the company announced results for HCW9206 production platform for CAR-T cell therapies.

Equities Trading DOWN

Paranovus Entertainment Technology Ltd ( PAVS ) shares dropped 81% to $0.31.

Shares of Nasus Pharma Ltd ( NSRX ) were down 40% to $2.99 after the company announced top line data from Phase 2 clinical study of NS002.

Signing Day Sports Inc ( SGN ) was down, falling 28% to $0.51. Signing Day Sports ( SGN ) and BlockchAIn issued an update on expected ticker symbol transition and common stock trading schedule.

Commodities

In commodity news, oil traded down 2.9% to $95.87 while gold traded down 0.7% at $5,027.50.

Silver traded down 1.7% to $79.945 on Monday, while copper rose 0.6% to $5.7935.

Euro zone

European shares were higher today. The eurozone's STOXX 600 rose 0.4%, while Spain's IBEX 35 Index rose 0.1%. London's FTSE 100 rose 0.7%, Germany's DAX gained 0.6% and France's CAC 40 rose 0.3% during the session.

Asia Pacific Markets

Asian markets closed mixed on Monday, with Japan's Nikkei 225 falling 0.13%, Hong Kong's Hang Seng index gaining 1.45%, China's Shanghai Composite slipping 0.26% and India's BSE Sensex gaining 1.26%.

Economics

The NY Empire State Manufacturing Index declined to -0.2 in March from 7.1 in the previous month, down from market estimates of 3.2.