Midway through trading Monday, the Dow traded down 0.23% to 31,027.86 while the NASDAQ fell 0.77% to 13,100.74. The S&P also fell, dropping 0.36% to 3,810.94.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 22,410,060 cases with around 374,340 deaths. India confirmed a total of at least 10,466,590 confirmed cases and 151,160 deaths, while Brazil reported over 8,105,790 COVID-19 cases with 203,100 deaths. In total, there were at least 90,353,570 cases of COVID-19 worldwide with over 1,936,410 deaths, according to data compiled by Johns Hopkins University.
Leading and Lagging Sectors
Energy shares gained by 1% on Monday. Meanwhile, top gainers in the sector included Gran Tierra Energy Inc. (NYSE: GTE), up 15%, and Gevo, Inc. (NASDAQ: GEVO), up 9%.
In trading on Monday, communication services shares fell 1.4%.
AZZ Inc (NYSE: AZZ) reported upbeat earnings for its third quarter, while sales missed views.
AZZ reported quarterly earnings of $0.80 per share, beating analysts’ expectations of $0.66 per share. The company posted sales of $226.62 million, missing estimates of $234.44 million. The company also announced a $100 million buyback program.
Equities Trading UP
GeoVax Labs, Inc. (NASDAQ: GOVX) shares shot up 83% to $6.03 after the company announced it was awarded an NIH grant to advance its COVID-19 vaccine development.
Shares of Mesoblast Limited (NASDAQ: MESO) got a boost, shooting 39% to $12.04 after the company said its rexlemestrocel-L reduced heart attacks, strokes and cardiac deaths.
Impinj, Inc. (NASDAQ: PI) shares were also up, gaining 30% to $55.67 after the company issued strong preliminary sales guidance for the fourth quarter.
Check out these big movers of the day
Equities Trading DOWN
Applied DNA Sciences, Inc. (NASDAQ: APDN) shares tumbled 21% to $9.16 after the company priced its 1.81 million shares common stock offering at $8.30 per share. However, HC Wainwright & Co. maintained Applied DNA Sciences with a Buy and raised the price target from $12 to $18.
Shares of Medigus Ltd. (NASDAQ: MDGS) were down 15% to $2.215 as the company priced $8.4 million offering of ADSs at $2.3 per ADS.
Bit Digital, Inc. (NASDAQ: BTBT) was down, falling 24% to $19.07 following a sharp decline in Bitcoin prices.
In commodity news, oil traded down 0.4% to $52.05, while gold traded up 0.8% to $1,849.90.
Silver traded up 2.4% Monday to $25.23 while copper fell 3% to $3.5625.
European shares were lower today. The eurozone’s STOXX 600 fell 0.68%, the Spanish Ibex Index fell 0.66% and the German DAX 30 declined 0.76%. Meanwhile, the French CAC 40 fell 0.87%, London’s FTSE 100 dropped 0.99% and Italy’s FTSE MIB declined 0.47%. Spain’s industrial production dropped 3.8% year-over-year in November.
The Treasury will auction 3-year notes at 1:00 p.m. ET.
Federal Reserve Bank of Dallas President Robert Kaplan will speak at 6:00 p.m. ET.
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