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U.S. stocks traded higher toward the end of trading, with the NASDAQ Composite gaining around 300 points on Monday.
The Dow traded up 0.19% to 40,362.58 while the NASDAQ rose 1.70% to 18,027.77. The S&P 500 also rose, gaining, 1.09% to 5,564.74.
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Leading and Lagging Sectors
Information technology shares jumped by 1.7% on Monday.
In trading on Monday, energy shares fell by 0.2%.
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 0.1% to $80.03 while gold traded down 0.1% at $2,396.00.
Silver traded up 0.1% to $29.325 on Monday, while copper fell 0.8% to $4.2025.
Euro zone
European shares closed higher today. The eurozone's STOXX 600 climbed 0.93%, Germany's DAX gained 1.29% and France's CAC 40 climbed 1.16%. Spain's IBEX 35 Index rose 0.51%, while London's FTSE 100 rose 0.53%.
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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