Following the market opening Monday, the Dow traded down 0.40% to 28,523.80 while the NASDAQ fell 0.07% to 9,014.66. The S&P also fell, dropping 0.12% to 3,230.81.
Leading and Lagging Sectors
In trading on Monday, financial shares fell 0.7%.
Commercial Metals Company (NYSE: CMC) reported better-than-expected Q1 earnings, while sales missed views.
Commercial Metals posted quarterly earnings of $0.73 per share on sales of $1.385 billion. However, analysts were expecting earnings of $0.54 per share on sales of $ $1.43 billion.
Equities Trading UP
aTyr Pharma, Inc. (NASDAQ: LIFE) shares shot up 56% to $6.64 amid news of a license deal with Kyorin Pharma.
Pacific Drilling S.A. (NYSE: PACD) shares were also up, gaining 24% to $5.90.
Equities Trading DOWN
Edesa Biotech, Inc. (NASDAQ: EDSA) shares tumbled 24% to $3.0181 after reporting a $4.36 million registered direct offering.
Shares of Osmotica Pharmaceuticals plc (NASDAQ: OSMT) were down 13% to $6.09 after announcing a 6 million share offering.
NanoViricides, Inc. (NYSE: NNVC) was down, falling 13% to $2.9662 after the company reported that it has received a cash infusion of $2.25 million.
In commodity news, oil traded up 1.3% to $63.85, while gold traded up 1.8% to $1,580.60.
Silver traded up 1.7% Monday to $18.455, while copper fell 0.5% to $2.7735.
European shares were lower today. The eurozone’s STOXX 600 dropped 1%, the Spanish Ibex Index fell 0.8%, while Italy’s FTSE MIB Index dipped 1.5%. Meanwhile, the German DAX dropped 1.6%, and the French CAC 40 fell 1.1% while UK shares fell 0.9%.
The IHS Markit US services PMI rose to 52.8 in December, versus a preliminary estimate of 52.2, and versus final reading of 51.6 for November.
The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
The TD Ameritrade Investor Movement Index for December will be released at 12:30 p.m. ET.