US Stocks Mixed; Nasdaq Gains Over 100 Points

U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining more than 100 points on Monday.

Following the market opening Monday, the Dow traded down 0.08% to 46,466.54 while the NASDAQ gained 0.52% to 21,992.48. The S&P 500 also rose, gaining, 0.22% to 6,597.45.

Leading and Lagging Sectors

Communication services shares climbed by 0.7% on Monday.

In trading on Monday, materials stocks fell by 0.9%.

Top Headline

The ISM services PMI declined to 54 in March from 56.1 in the previous month, versus market estimates of 55.

Equities Trading UP
           

• Focus Universal Inc. (NASDAQ:FCUV) shares shot up 162% to $8.76.
• Shares of Profusa, Inc. (NASDAQ:PFSA) got a boost, surging 152% to $1.92 after the company announced it will acquire the PanOmics multi-omics diagnostics platform from BioInsights LLC for approximately $30 million in stock.
• Xiao-I Corporation (NASDAQ:AIXI) shares were also up, gaining 99% to $0.2582. Xiao-I recently issued an additional material update on its variable interest entity’s ongoing patent infringement lawsuit against Apple.

Equities Trading DOWN

• Intercont (Cayman) Limited (NASDAQ:NCT) shares dropped 33% to $1.84.
• Shares of Nvni Group Limited (NASDAQ:NVNI) were down 31% to $1.0915 after the company announced that it will acquire a 51% stake in the American business of global IT consulting and technology services firm Beyondsoft for approximately $81 million.
• Ridgetech, Inc. (NASDAQ:RDGT) was down, falling 27% to $0.0180 after the company announced a 1-for-150 reverse stock split.

Commodities

In commodity news, oil traded up 1.1% to $112.71 while gold traded up 0.3% at $4,692.90.

Silver traded down 0.5% to $72.550 on Monday, while copper rose 0.5% to $5.6105.

Asia Pacific Markets

Asian markets closed higher on Monday, with Japan's Nikkei 225 gaining 0.55%, and India's BSE Sensex gaining 1.07%.

Economics

The ISM services PMI declined to 54 in March from 56.1 in the previous month, versus market estimates of 55.

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