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U.S. stocks traded mostly higher midway through trading, with the Nasdaq Composite gaining more than 100 points on Monday.
The Dow traded down 0.03% to 40,276.45 while the NASDAQ rose 0.81% to 17,870.43. The S&P 500 also rose, gaining, 0.51% to 5,533.14.
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Leading and Lagging Sectors
Information technology shares jumped by 0.9% on Monday.
In trading on Monday, energy shares fell by 0.5%.
Top Headline
Verizon Communications Inc (NYSE:VZ) shares fell around 6% on Monday after it reported fiscal second-quarter results.
Its sales increased 0.6% year over year to $32.8 billion, marginally missing the analyst consensus estimate of $33.1 billion. Adjusted EPS of $1.15 was in line with the analyst consensus estimate.
Equities Trading UP
Equities Trading DOWN
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Commodities
In commodity news, oil traded down 0.4% to $79.80 while gold traded down 0.5% at $2,387.30.
Silver traded down 0.6% to $29.125 on Monday, while copper fell 1.3% to $4.1805.
Euro zone
European shares were higher today. The eurozone's STOXX 600 climbed 0.98%, Germany's DAX gained 1.35% and France's CAC 40 climbed 1.18%. Spain's IBEX 35 Index rose 0.59%, while London's FTSE 100 rose 0.62%.
Asia Pacific Markets
Asian markets closed mostly lower on Monday, with Japan's Nikkei 225 falling 1.16%, Hong Kong's Hang Seng Index gaining 1.25%, China's Shanghai Composite Index declining 0.61% and India's S&P BSE Sensex declining 0.13%.
The annual inflation rate in Hong Kong rose to 1.5% in June from 1.2% in the prior month. The People’s Bank of China slashed one-year loan prime rate by 10bps to 3.35%.
Economics
The Chicago Fed National Activity index fell to 0.05 for June, versus previous reading of 0.23. However, analysts were expecting a reading of -0.09.
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