U.S. stocks traded mixed toward the end of trading, with the S&P 500 falling over 100 points on Monday.
The Dow traded up 0.22% to 44,521.81 while the NASDAQ fell 3.29% to 19,297.13. The S&P 500 also fell, dropping, 1.84% to 5,988.74.
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Leading and Lagging SectorsHealth care shares surged by 2% on Monday.
In trading on Monday, information technology shares fell by 5.5%.
Top Headline
Dada Nexus Limited (NASDAQ:DADA) received a preliminary, non-binding proposal from JD.com, Inc.(NASDAQ:JD) to acquire all shares, including ADSs, at $2.00 per ADS ($0.50 per Ordinary Share) in cash.
Equities Trading UP
- Aurora Mobile Limited (NASDAQ:JG) shares shot up 130% to $13.30 after the company revealed its GPTBots.ai platform has integrated the DeepSeek R1 large language model.
- Shares of Akero Therapeutics, Inc. (NASDAQ:AKRO)got a boost, surging 102% to $52.87 after the company reported preliminary Week 96 results from its SYMMETRY Phase 2B study of Efruxifermin.
- Dada Nexus Limited (NASDAQ:DADA) shares were also up, gaining 27% to $1.79 after the company received a preliminary, non-binding proposal from JD.com, Inc. (NASDAQ:JD) to acquire all shares, including ADSs, at $2.00 per ADS ($0.50 per Ordinary Share) in cash.
Equities Trading DOWN
- Allakos Inc. (NASDAQ:ALLK) shares dropped 79% to $0.2524 after the company announced it will discontinue further development of AK006, reduce its workforce by 75%, and explore strategic alternatives.
- Shares of Veru Inc. (NASDAQ:VERU) were down 49% to $0.6177 after the company reported results from Phase 2b trial of Enobosarm for muscle preservation in weight loss patients.
- PMGC Holdings Inc. (NASDAQ:ELAB) was down, falling 34% to $2.06. PMGC Holdings announced $1.9 million in gross proceeds from warrant inducement with institutional investors.
CommoditiesIn commodity news, oil traded down 2.7% to $72.66 while gold traded down 1.6% at $2,733.40.
Silver traded down 3.5% to $30.10 on Monday, while copper fell 2.2% to $4.2260.
Euro zone
European shares closed mostly lower today. The eurozone's STOXX 600 fell 0.07%, Germany's DAX 40 fell 0.53% and France's CAC 40 fell 0.27%. Spain's IBEX 35 Index rose 0.12%, while London's FTSE 100 rose 0.02%.
Asia Pacific Markets
Asian markets closed mostly lower on Monday, with Japan's Nikkei 225 falling 0.92%, China's Shanghai Composite Index falling 0.06%, Hong Kong's Hang Seng Index gaining 0.66% and India's BSE Sensex dipping 1.08%.
Economics
- The Chicago Fed National Activity Index rose to 0.15 in December, recording the strongest reading in seven months, and versus a revised -0.01 in the previous month.
- U.S. building permits in rose by 0.7% to an annualized rate of 1.482 million in December.
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