NKTX - Dow Surges Over 100 Points; Commercial Metals Posts Upbeat Q1 Results | Benzinga
U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 100 points on Monday.
The Dow traded up 0.35% to 37,596.43 while the NASDAQ rose 1.89% to 14,799.21. The S&P 500 also rose, gaining, 1.11% to 4,749.41.
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Leading and Lagging Sectors
Information technology shares jumped by 2.1% on Monday.
In trading on Monday, energy shares fell by 2.1%.
Top Headline
Commercial Metals Company (NYSE: CMC) posted upbeat earnings for its first quarter on Monday.
Commercial Metals posted adjusted earnings of $1.63 per share, beating market estimates of $1.45 per share. The company’s quarterly sales came in at $2.00 billion versus estimates of $1.89 billion.
Equities Trading UP
Harpoon Therapeutics, Inc. (NASDAQ: HARP) shares shot up 112% to $22.40 after Merck announced it will acquire the company for $23 per share in cash.
Shares of Ambrx Biopharma Inc. (NASDAQ: AMAM) got a boost, surging 101% to $27.43 after Johnson & ...