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US stocks down; the Dow falls more than 100 points

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US stocks were trading lower towards the end of the trading day on Monday and the Dow Jones was down more than 100 points.

The Dow fell 0.43% to 32,703.03 and the NASDAQ lost 0.58% to settle at 12,318.87. The S&P also fell 0.65% to 4,102.85.

The sectors with the most advance and the most setback

Staples stocks rallied 1.3% on Monday. On the other hand, the main gainers in the sector were Bridgford Foods Corporation (NASDAQ:BRID), up 15%, and Celsius Holdings, Inc. (NASDAQ:CELH), up 12%.

In trading on Monday, shares in the energy sector were down 3.2%.

the main holder

The ISM manufacturing PMI fell to 52.8 points in July from 53 points in the previous month. However, analysts had expected a reading of 52 points.

stocks on the rise

Shares of TherapeuticsMD, Inc. (NASDAQ:TXMD) soared 36% to $8.47 after the company announced it had received a $15 million private investment from Rubric Capital Management.

Shares of Celyad Oncology SA (NASDAQ:CYAD) soared 40% to $2.4399. The FDA has lifted the clinical suspension of Celyad Oncology’s Phase 1b CYAD-101-002 (KEYNOTE-B79) trial, after the company made changes to the criteria for participating in the trial.

Shares of MediaCo Holding Inc. (NASDAQ:MDIA) surged 99% to settle at $4.12. Soohyung Kim, who owns 10% of MediaCo Holding, purchased a total of 12,899,480 shares at an average price of $2.32.

stocks down

Shares of Kazia Therapeutics Limited (NASDAQ:KZIA) plunged 47% to $1.9031 after the company announced that its pivotal GBM AGILE study for paxalisib did not meet predefined criteria to proceed to a second stage.

Shares of Zovio Inc (NASDAQ:ZVO) fell 33% to $0.6901 as the company reported a 25.7% year-on-year drop in sales for the second quarter of fiscal 2022, to settle at 51 .38 million dollars.

Otonomy, Inc. (NASDAQ:OTIC) fell 79% to $0.2990, after the company announced it would discontinue development of OTO-313 after the Phase 2 trial of OTO-313 in tinnitus patients did not demonstrate clinically significant improvement compared to placebo for the primary and secondary endpoints at all time points.

Raw Materials

In commodity news, oil fell 5% to $93.77, while gold rose 0.3% to settle at $1,786.

On Monday, silver was up 0.7% at $20.345, while copper was down 1.4% at $3.5235.

Eurozone

European stocks closed mostly lower today. The Eurozone STOXX 600 fell 0.19%, London’s FTSE 100 lost 0.13% and Spain’s IBEX 35 index fell 0.87%. Germany’s DAX fell 0.3% and France’s CAC 40 fell 0.18%, while Italy’s FTSE MIB index advanced 0.11%.

The Eurozone unemployment rate was unchanged at 6.6% in June, while the manufacturing PMI fell to 49.8 points in July from 52.1 points in June. German retail sales fell 1.6% mom in June from a revised 1.2% rise in May, while the country’s manufacturing PMI rose to 49.3 points in July from a preliminary level. of 49.2 points.

The S&P Global/CIPS manufacturing PMI for the UK fell to 52.1 points in July from a preliminary reading of 52.2 points, while Italy’s manufacturing PMI fell to 48.5 points in July. from the 50.9 points registered in June. The S&P Global Manufacturing PMI for France fell to 49.5 points in July from 51.4 points the previous month.

Economy

The S&P Global manufacturing PMI fell to 52.2 points in July from a preliminary reading of 52.3.

The ISM manufacturing PMI fell to 52.8 points in July from 53 points in the previous month. However, analysts had expected a reading of 52 points.

Construction spending dipped 1.1% from the previous month to settle at an annual rate of $1.76 trillion in June.

Update on Covid-19

The United States maintains the highest number of infections and deaths from coronavirus in the world, with a total of 93,082,190 confirmed cases and around 1,055,050 deaths. For its part, India has registered a total of at least 44,036,270 infected with coronavirus and 526,390 deaths, while Brazil has confirmed more than 33,859,570 cases of Covid-19 and 151,980 deaths. In total, at least 582,459,460 cases of Covid-19 have been registered worldwide and more than 6,420,210 deaths.

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