Friday, December 2, 2022
No menu items!

US stocks down; the Dow falls more than 100 points

Must Read

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.


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.


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.


Please enter your comment!
Please enter your name here

Latest News

Brazil’s coffee crop in 2023 will be 50-56 million bags, according to a report

Brazilian farmers will produce a minimum of 50 million and a maximum of 56 million bags of coffee next...

More Articles Like This