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U.S. stocks traded mostly higher this morning, with the Dow Jones index gaining more than 100 points on Monday.
The Dow traded up 0.35% to 40,802.99 while the NASDAQ fell 0.07% to 17,619.64. The S&P 500 also rose, gaining, 0.16% to 5,563.26.
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Leading and Lagging Sectors
Communication services shares climbed by 0.7% on Monday.
In trading on Monday, information technology shares fell by 0.5%.
Top Headline
Estee Lauder Companies Inc (NYSE:EL) shares fell slightly after the company reported its fourth-quarter results.
The company reported sales growth of 7% Y/Y to $3.87 billion, beating the analyst consensus estimate of $3.83 billion. Estee Lauder's operating loss was $233 million, compared to a $5 million loss last year. Adjusted EPS of 64 cents beat the analyst consensus estimate of 27 cents.
Equities Trading UP
Equities Trading DOWN
Commodities
In commodity news, oil traded down 0.3% to $76.39 while gold traded down 0.5% at $2,525.90.
Silver traded up 0.4% to $28.97 on Monday, while copper rose 0.7% to $4.1740.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.5%, Germany's DAX rose 0.4% and France's CAC 40 rose 0.7%. Spain's IBEX 35 Index rose 1.4%, while London's FTSE 100 rose 0.4%.
Spain’s trade deficit narrowed to EUR 0.7 billion in June from EUR 2.4 billion in the year-ago month.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan's Nikkei 225 falling 1.77%, Hong Kong's Hang Seng Index climbing 0.80%, China's Shanghai Composite Index gaining 0.49% and India's BSE Sensex falling 0.02%.
Economics
The CB Leading Index will be released today.
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