SPEC - US Stocks Mixed; Nasdaq Jumps Over 100 Points | Benzinga
U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining around 100 points on Monday.
Following the market opening Monday, the Dow traded down 0.45% to 37,296.85 while the NASDAQ rose 0.75% to 14,632.70. The S&P 500 also rose, gaining, 0.26% to 4,709.31.
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Leading and Lagging Sectors
Information technology shares jumped by 1.1% on Monday.
In trading on Monday, energy shares fell by 2.7%.
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 111% to $22.26 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 98% to ...