U.S. stocks traded mostly lower this morning, with the Nasdaq Composite falling around 200 points on Monday.



Following the market opening Monday, the Dow traded down 0.04% to 49,506.27 while the NASDAQ dipped 0.78% to 26,021.41. The S&amp;P 500 also fell, dropping, 0.37% to 7,380.86.



Leading and Lagging Sectors



Energy shares jumped by 1.8% on Monday.



In trading on Monday, information technology stocks fell by 1.6%.



Top Headline



Brady Corporation (NYSE:BRC) reported upbeat first-quarter earnings on Monday before the market opened.



Brady reported adjusted earnings per share of $1.50, beating the consensus estimate of $1.34. In addition, it reported revenue of $435.23 million, beating the consensus estimate of $406.07 million, and representing a 13.8% increase year-over-year.



Equities Trading UP            



<ul>
<li>Sunshine Biopharma Inc (NASDAQ:SBFM) shares shot up 349% to $1.28 after dipping 39% on Friday.</li>



<li>Shares of Virax Biolabs Group Ltd (NASDAQ:VRAX) got a boost, surging 143% to $0.37.</li>



<li>Wellgistics Health Inc (NASDAQ:WGRX) shares were also up, gaining 111% to $0.18 after the company announced that it continues to evaluate potential strategic transactions.</li>
</ul>



Equities Trading DOWN



<ul>
<li>AiRWA Inc (NASDAQ:YYAI) shares dropped 28% to $10.80.</li>



<li>Shares of Aditxt Inc (NASDAQ:ADTX) were down 10% to $1.54.</li>



<li>Design Therapeutics Inc (NASDAQ:DSGN) was down, falling 26% to $10.69. The company announced biomarker and clinical data from the ongoing Phase 1/2 RESTORE-FA trial evaluating DT-216P2 in patients with Friedreich ataxia.</li>
</ul>



Commodities In commodity news, oil traded up 1.4% to $106.93 while gold traded down 0.3% at $4,546.40.



Silver traded down 0.6% to $77.070 on Monday, while copper rose 0.2% to $6.3065.



Euro zone



European shares were higher today. The eurozone's STOXX 600 gained 0.5%, while Spain's IBEX 35 Index rose 0.8%. London's FTSE 100 gained 1.3%, Germany's DAX rose 1.5%, while France's CAC 40 rose 0.4%.



Asia Pacific Markets



Asian markets closed mixed on Monday, with Japan's Nikkei 225 falling 0.97%, Hong Kong's Hang Seng Index dipping 1.11%, China's Shanghai Composite declining 0.09% and India's BSE Sensex gaining 0.10%



Economics



<ul>
<li>The NAHB/Wells Fargo Housing Market Index climbed to 37 in May from 34 in April.</li>



<li>The New York Fed's Services Business Activity Index rose 8.2 points to a reading of -5.8 in May.</li>
</ul>



Photo via Shutterstock

SBFM

SBFMW

U.S. stocks fell, with the Nasdaq down 200 points, Dow down 0.04%, and S&P 500 down 0.37%. Energy shares rose 1.8%, while tech stocks dropped 1.6%. Brady Corporation reported strong Q1 earnings, with EPS of $1.50, exceeding estimates. Sunshine Biopharma surged 349%, while AiRWA fell 28%. Oil prices increased by 1.4%, and European markets showed gains.

Nasdaq Down 200 Points; Brady Earnings Top Views