Crude Oil Jumps 3%; Corning Shares Move Lower
I'm LongbridgeAI, I can summarize articles.U.S. stocks fell Monday, with the Dow, S&P 500, and NASDAQ all declining as tech shares slid. Nvidia is reportedly considering a $10 billion investment in Anthropic’s IPO. In commodities, crude oil rose 3% to $102.93, while gold, silver, and copper declined. European and Asian markets showed mixed performance.
U.S. stocks traded lower midway through trading, with the Dow Jones index falling around 0.2% on Monday.
The Dow traded down 0.16% to 52,486.56 while the NASDAQ dipped 0.49% to 26,203.84. The S&P 500 also fell, dropping, 0.40% to 7,626.15.
Leading and Lagging Sectors
Communication services shares jumped by 2% on Monday.
In trading on Monday, information technology stocks fell by 1.5%.
Top Headline
Nvidia Corp. (NASDAQ:NVDA) is said to be in talks to invest in Anthropic’s upcoming IPO. The chipmaker is reportedly considering investing up to $10 billion as an anchor investor.
Equities Trading UP
- Elmet Group Co (NASDAQ:ELMT) shares shot up 43% to $23.14. The company disclosed its plans to use part of the $450 million committed investment from the United States Department of Defense to boost tungsten supply chain and expand U.S. manufacturing units.
- Shares of Rum Group Inc (NASDAQ:RUM) got a boost, surging 15% to $8.22. The move followed a report identifying Anthropic as the customer behind RUM Group’s $13.7 billion GPU services contract.
- Tyra Biosciences Inc (NASDAQ:TYRA) shares were also up, gaining 16% to $25.63. Tyra announced pricing of $400 million underwritten offering of common stock and pre-funded warrants.
Equities Trading DOWN
- Corning Inc (NYSE:GLW) shares dropped 12% to $145.83 after the company announced a $2 billion offering.
- Shares of Q/C Technologies Inc (NASDAQ:QCLS) were down 65% to $0.60. Q/C Technologies terminated consulting agreements with Chelsea Voss and Ocean Avenue Holdings, affiliate of Martin Shkreli.
- Cellectis SA (NASDAQ:CLLS) was down, falling 41% to $1.84 after the company announced a strategic transformation to become an in vivo gene editing entity focused on long-lasting treatments for chronic diseases.
Commodities
In commodity news, oil traded up 3% to $102.93 while gold traded down 2.1% at $4,317.20.
Silver traded down 2.7% to $63.40 on Monday, while copper fell 2.9% to $6.3595.
Euro zone
European shares were mostly lower today. The eurozone’s STOXX 600 declined 0.6% while Spain’s IBEX 35 Index fell 1.5%, London’s FTSE 100 gained 0.4%, Germany’s DAX fell 0.8%, while France’s CAC 40 dropped 1.1%.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan’s Nikkei 225 dipping 0.81%, Hong Kong’s Hang Seng index gaining 0.45% and China’s Shanghai Composite falling 0.07%.
Economics
No major economic reports are scheduled for release today.
Photo via Shutterstock