Following the market opening Monday, the Dow traded up 0.07% to 28,844.56 while the NASDAQ rose 0.38% to 9,213.47. The S&P also rose, gaining 0.26% to 3,273.88.
Leading and Lagging Sectors
In trading on Monday, energy shares fell 0.4%.
Equities Trading UP
Dare Bioscience Inc (NASDAQ: DARE) shares shot up 124% to $1.87 after the company announced an exclusive licensing agreement with Bayer for US commercial rights to Ovaprene. Dare will receive an upfront payment of $20 million and up to $310 million in milestones.
Shares of CounterPath, Corp. (NASDAQ: CPAH) got a boost, shooting up 34% to $5.25 after climbing 304.12% on Friday.
MEREO BIOPHARMA/ADR (NASDAQ: MREO) shares were also up, gaining 26% to $2.64 after the company announced it has entered into a global licensing agreement with Oncologie for Navicixizumab. Mereo will receive an upfront payment of $4 million with an additional $2 million payment conditional on CMC milestone and up to $300 million in future milestones
Equities Trading DOWN
Acasti Pharma Inc (NASDAQ: ACST) shares tumbled 73% to $0.59 after the company announced its TRILOGY 1 Phase 3 trial of CaPre did not reach statistical significance.
Shares of Stage Stores Inc (NYSE: SSI) were down 52% to $3.52 after the company reported a 1.4% year-over-year rise in its holiday same-store sales. The company announced it expects full-year 2019 earnings to be $25 million to $30 million below the low end of the previously announced guidance range.
Aquestive Therapeutics Inc (NASDAQ: AQST) was down, falling 33% to $4.45. Aquestive Therapeutics received FDA response denying Aquestive's Citizen's petition received by the FDA on November 1, 2019.
In commodity news, oil traded up 0.1% to $59.05, while gold traded down 0.4% to $1,553.70.
Silver traded down 0.5% Monday to $18.01, while copper rose 0.1% to $2.814.
European shares were mostly lower today. The eurozone’s STOXX 600 declined 0.2%, the Spanish Ibex Index fell 0.3%, while Italy’s FTSE MIB Index dropped 0.5%. Meanwhile, the German DAX dropped 0.3%, and the French CAC 40 slipped 0.1% while UK shares rose 0.3%.
The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
Federal Reserve Bank of Atlanta President Raphael Bostic will speak at 12:40 p.m. ET.
The U.S. Treasury budget report for December is schedule for release at 2:00 p.m. ET.