Gold Jumps Over 2%; Dole Shares Gain After Q3 Results

Benzinga11-11

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 400 points on Monday.

The Dow traded up 0.17% to 47,068.14 while the NASDAQ surged 1.86% to 23,433.12. The S&P 500 also rose, gaining, 1.04% to 6,798.73.

Check This Out: Top 2 Utilities Stocks That May Crash This Quarter

Leading and Lagging SectorsInformation technology shares jumped by 2.3% on Monday.

In trading on Monday, consumer staples stocks fell by 0.7%.

Top Headline

Shares of Dole Plc (NYSE:DOLE) surged around 8% on Monday after the company reported third-quarter results.

The company reported adjusted earnings of 16 cents per share, missing analysts’ forecasts of 17 cents and marking a 15.8% decline from 19 cents per share a year earlier.

Revenue rose 10.5% year over year to $2.28 billion, topping consensus expectations of $2.15 billion. Adjusted operating income came in at $36.21 million, down from $48.57 million a year ago.

Equities Trading UP           

  • Galecto Inc (NASDAQ:GLTO) shares shot up 294% to $19.51 after the company announced the acquisition of Damora Therapeutics.
  • Shares of Movano Inc (NASDAQ:MOVE) got a boost, surging 206% to $14.59. Movano and Corvex announced a merger agreement.
  • Cogent Biosciences Inc (NASDAQ:COGT) shares were also up, gaining 125% to $33.36 after its Phase 3 PEAK study showed a median progression-free survival of 16.5 months for bezuclastinib plus sunitinib. The company plans to submit NDA to FDA for bezuclastinib in intolerant gastrointestinal stromal tumors.

Equities Trading DOWN

  • Lazydays Holdings Inc (NASDAQ:GORV) shares dropped 40% to $0.97 after the company announced plans to delist from the Nasdaq.
  • Shares of Motorcar Parts of America Inc (NASDAQ:MPAA) were down 22% to $13.52 after the company reported mixed quarterly financial results.
  • Surgery Partners Inc (NASDAQ:SGRY) was down, falling 23% to $16.52 after the company reported mixed third-quarter financial results and cut its FY25 sales guidance below estimates.

CommoditiesIn commodity news, oil traded down 0.2% to $59.65 while gold traded up 2.2% at $4,097.60.

Silver traded up 3.7% to $49.920 on Monday, while copper rose 1.4% to $5.0240.

Euro zone

European shares were higher today. The eurozone's STOXX 600 rose 1.54%, while Spain's IBEX 35 Index gained 1.71%. London's FTSE 100 rose 1.17%, Germany's DAX 40 gained 1.82% and France's CAC 40 climbed 1.52% during the session.

Asia Pacific Markets

Asian markets closed higher on Monday, with Japan's Nikkei 225 gaining 1.26%, Hong Kong's Hang Seng surging 1.55%, China's Shanghai Composite rising 0.53% and India's BSE Sensex rising 0.38%.

Economics

No major economic reports are scheduled for release today.

Now Read This:

  • Zscaler To Rally More Than 9%? Here Are 10 Top Analyst Forecasts For Monday

Photo via Shutterstock

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.

Comments

We need your insight to fill this gap
Leave a comment