Dow Jumps Over 200 Points; Greenbrier Shares Fall After Q3 Results

U.S. stocks traded higher this morning, with the Dow Jones index gaining around 200 points on Monday.

Following the market opening Monday, the Dow traded up 0.57% to 39,599.54 while the NASDAQ rose 0.09% to 18,368.86. The S&P 500 also rose, gaining, 0.19% to 5,577.53.

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Leading and Lagging Sectors

Industrials shares jumped by 0.7% on Monday.

In trading on Monday, materials shares fell by 0.7%.

Top Headline

Shares of The Greenbrier Companies, Inc. GBX fell around 6% on Monday after the company reported worse-than-expected third-quarter financial results.

Greenbrier posted GAAP earnings of $1.06 per share, missing market estimates of $1.15 per share. The company’s quarterly sales came in at $820.200 million versus expectations of $928.733 million.

Equities Trading UP
                       

• Morphic Holding, Inc. MORF shares shot up 75% to $55.67 after Eli Lilly agreed to buy the company for $57 per share in cash.
• Shares of Inspire Veterinary Partners, Inc. IVP got a boost, surging 70% to $2.52.
• SRIVARU Holding Limited SVMH shares were also up, gaining 56% to $0.2464 after the company announced the deployment of advanced AI tools to manage its lead generation platform.

Equities Trading DOWN

• HilleVax, Inc. HLVX shares dropped 86% to $1.88 after the company announced the NEST-IN1 clinical study did not meet its primary or secondary efficacy endpoints, and the company will discontinue further development of HIL-214 in infants.
• Shares of China Liberal Education Holdings Limited CLEU were down 67% to $0.7301 after dipping 24% on Friday.
• SYLA Technologies Co., Ltd. SYT was down, falling 27% to $2.21.

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Commodities

In commodity news, oil traded down 1% to $82.32 while gold traded down 0.7% at $2,381.90.

Silver traded down 1.1% to $31.345 on Monday, while copper fell 0.1% to $4.6510.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 gained 0.4%, Germany’s DAX rose 0.4% and France’s CAC 40 rose 0.3%. Spain’s IBEX 35 Index rose 0.6%, while London’s FTSE 100 rose 0.3%.

German trade surplus widened to EUR 24.9 billion in May versus a revised EUR 22.2 billion in the prior month.

Asia Pacific Markets

Asian markets closed lower on Monday, with Japan’s Nikkei falling 0.32%, Hong Kong’s Hang Seng Index declining 1.55%, China’s Shanghai Composite Index falling 0.93% and India’s S&P BSE Sensex declining 0.05%.

The gauge for Japan’s service sector climbed to 47.0 in June from 45.7 in May. Japanese current account surplus increased to JPY 2,849.9 billion in May from JPY 2,010.1 billion in the year-ago month. Foreign exchange reserves in Singapore increased to SGD 503.71 billion in June versus SGD 500.86 billion in the prior month, while Chinese foreign exchange reserves fell by $9.7 billion to $3.222 trillion for June.

Economics

Data on consumer credit for May will be released at 3:00 p.m. ET.

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