US stock markets closed mixed on Monday, with the Dow Jones Industrial Average gaining around 0.1%. The Dow closed at 41,224.50, while the NASDAQ Composite fell by 0.82% to 17,731.01. The S&P 500 also declined, dropping 0.32% to 5,616.51.
Sector performance varied, with energy shares showing strength, climbing by 0.8%. In contrast, information technology shares fell by 0.9%.
Several companies reported their second-quarter financial results, impacting their stock prices.
Equities Trading UP
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Medirom Healthcare Technologies Inc (MRM)
shares soared 152% to $6.24 after announcing a capital and business alliance between its subsidiary MEDIROM MOTHER Labs and NFES Technologies.*
Prestige Wealth Inc (PWM)
shares surged 77% to $1.3201 following the announcement of a definitive acquisition agreement to purchase all shares of SPW Global.*
MoneyLion Inc (ML)
shares rose 8% to $46.66 after announcing a $20 million share repurchase program.Equities Trading DOWN
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Alarum Technologies Ltd (ALAR)
shares plunged 30% to $15.03 after the company reported mixed second-quarter financial results.*
PDD Holdings Inc (PDD)
shares dropped 29% to $99.79 after the company announced disappointing quarterly sales.*
Napco Security Technologies, Inc (NSSC)
shares fell 15% to $47.07 following the release of fourth-quarter results.Commodities
In commodity news, oil prices rose by 3.5% to $77.41 per barrel. Gold prices also increased, gaining 0.2% to $2,550.70 per ounce. Silver traded up 0.1% to $29.825 per ounce, while copper rose 0.1% to $4.2025 per pound.
European Markets
European shares were mixed on Monday. The eurozone’s STOXX 600 slipped 0.02%, Germany’s DAX fell 0.09%, and France’s CAC 40 gained 0.18%. Spain’s IBEX 35 Index fell 0.11%, while London’s FTSE 100 rose 0.48%.
Germany’s Ifo Business Climate indicator for August fell to 86.6, marking the weakest level since February. Spain’s producer prices declined by 1.4% year-over-year in July, compared to a revised 3.2% decline in the previous month.
Asian Markets
Asian markets closed mostly higher on Monday. Japan’s Nikkei 225 fell 0.66%, Hong Kong’s Hang Seng Index gained 1.06%, China’s Shanghai Composite Index rose 0.04%, and India’s BSE Sensex gained 0.75%.
US Economic Data
US new orders for manufactured durable goods increased by 9.9% in July, compared to a revised 6.9% plunge in the prior period.
