US Stocks Rise; Nasdaq Gains Over 50 Points

Benzinga2023-11-20

U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 50 points on Monday.

Following the market opening Monday, the Dow traded up 0.12% to 34,988.28 while the NASDAQ rose 0.49% to 14,194.23. The S&P 500 also rose, gaining, 0.17% to 4,521.69.

Check This Out: Home Depot, Target And 2 Other Stocks Insiders Are Selling

Leading and Lagging Sectors

Information technology shares surged by 0.7% on Monday.

In trading on Monday, utilities shares fell by 1.5%.

Top Headline

Microsoft Corp’s (NASDAQ:MSFT) CEO Satya Nadella announced that OpenAI's Sam Altman and Greg Brockman will be joining the company.

Equities Trading UP

Bruush Oral Care Inc. (NASDAQ:BRSH) shares shot up 182% to $0.4760. Brüush received Nasdaq notification regarding minimum bid requirements.

Shares of Nogin, Inc. (NASDAQ:NOGN) got a boost, shooting 68% to $0.3027.

Cuentas Inc. (NASDAQ:CUEN) shares were also up, gaining 60% to $1.52 after reporting a narrower quarterly loss.

Equities Trading DOWN

NanoString Technologies, Inc. (NASDAQ:NSTG) shares dropped 45% to $0.71.

Shares of PaxMedica, Inc. (NASDAQ:PXMD) were down 37% to $1.0950 after the company announced pricing of $7 million public offering of 5,384,615 shares and accompanying warrants at a price of $1.30 per unit.

Intelligent Bio Solutions Inc. (NASDAQ:INBS) was down, falling 34% to $0.30.

Also Check This Out: This Analyst With 84% Accuracy Rate Sees Around 22% Upside In NVIDIA - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

Commodities

In commodity news, oil traded up 1.7% to $77.15 while gold traded down 0.5% at $1,974.60.

Silver traded down 1.6% to $23.47 on Monday while copper rose 0.5% to $3.7555.

Euro zone

European shares were mixed today. The eurozone’s STOXX 600 slipped 0.1%, London’s FTSE 100 fell 0.2% while Spain’s IBEX 35 Index rose 0.7% The German DAX fell 0.3% French CAC 40 rose 0.2%, while Italy’s FTSE MIB Index fell 0.1%.

Construction output in the Eurozone fell by 0.3% year-over-year in September. Producer prices in Germany fell by 11.0% year-over-year in October following a 14.7% decline in September.

Asia Pacific Markets

Asian markets closed mixed on Monday, with Japan’s Nikkei 225 falling 0.59%, Hong Kong’s Hang Seng Index gaining 1.86% and China’s Shanghai Composite Index gaining 0.46%. India’s S&P BSE Sensex, meanwhile, fell 0.21%.

The People's Bank of China kept lending rates unchanged at the November fixing. Malaysia’s trade surplus shrank to MYR 12.9 billion in October from MYR 18.6 billion in the year-ago month.

Economics

The index of leading economic indicators for October will be released at 10:00 a.m. ET.

Now Read This: Top 3 Industrials Stocks That May Explode This Month

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.