Dow Falls 100 Points; Brady Posts Upbeat Results

Author: Avi Kapoor | November 18, 2024 11:04am

U.S. stocks traded mixed this morning, with the Dow Jones index falling by more than 100 points on Monday.

Following the market opening Monday, the Dow traded down 0.24% to 43,342.37 while the NASDAQ rose 0.15% to 18,708.63. The S&P 500 also fell, dropping, 0.04% to 5,868.50.

Check This Out: How To Earn $500 A Month From Apple Stock

Leading and Lagging Sectors

Consumer discretionary shares rose by 1% on Monday.

In trading on Monday, real estate shares fell by 0.5%.

Top Headline

Brady Corporation (NYSE:BRC) reported better-than-expected earnings for its first quarter on Monday.

The company posted quarterly earnings of $1.12 per share which beat the analyst consensus estimate of $1.09 per share. The company reported quarterly sales of $377.065 million which beat the analyst consensus estimate of $365.881 million.

Equities Trading UP
                       

• HCW Biologics Inc. (NASDAQ:HCWB) shares shot up 241% to $1.03 after the company entered into an exclusive licensing deal with WY Biotech for immunotherapy development.
• Shares of Apollomics, Inc. (NASDAQ:APLM) got a boost, surging 94% to $0.1858. 
• AgEagle Aerial Systems, Inc. (NASDAQ:UAVS) shares were also up, gaining 62% to $4.7110.

Equities Trading DOWN

• CareMax, Inc. (NASDAQ:CMAX) shares dropped 48% to $0.8810. CareMax reached agreements to sell Management Services Organization and Core Centers’ assets.
• Shares of Neurogene Inc. (NASDAQ:NGNE) were down 36% to $22.00 after the company announced it brought its high-dose gene therapy trial to a halt after a serious adverse event in a Rett syndrome patient.
• Battalion Oil Corporation (NYSE:BATL) was down, falling 32% to $4.5050.

Commodities

In commodity news, oil traded up 1.6% to $68.11 while gold traded up 1.5% at $2,608.40.

Silver traded up 1.9% to $31.000 on Monday, while copper rose 0.43% to $4.0805.

Euro zone

European shares were lower today. The eurozone's STOXX 600 fell 0.5%, Germany's DAX fell 0.4% and France's CAC 40 fell 0.4%. Spain's IBEX 35 Index fell 0.2%, while London's FTSE 100 fell 0.1%.

The Eurozone reported a trade surplus of €12.5 billion in September versus a year-ago surplus of €9.8 billion, compared to market expectations of €7.9 billion.

Asia Pacific Markets

Asian markets closed lower on Monday, with Japan's Nikkei 225 falling 1.09%, Hong Kong's Hang Seng Index gaining 0.77%, China's Shanghai Composite Index declining 0.21%  and India's BSE Sensex falling 0.31%.

Economics

The NAHB Housing Market Index will be released today.

Now Read This:

• This TechnipFMC Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Monday

Posted In: APLM BATL BRC CMAX HCWB NGNE UAVS