U.S. stocks trade mixed as Dow falls 150 points and Nasdaq edges up

U.S. equities were mixed in Monday morning trading, with the Dow Jones index down around 150 points while the Nasdaq posted a slight gain and the S&P 500 moved lower. After the open, the Dow fell 0.31% to 53,564.33, the Nasdaq rose 0.03% to 26,735.95, and the S&P 500 slipped 0.12% to 7,776.72. Information technology stocks outperformed with a 0.4% gain, while consumer staples shares were the weakest group, down 0.8%. The session’s key economic release showed the New York Fed’s Empire State Manufacturing Index climbing to 20.6 in August from 15.6 a month earlier, above market expectations of 11, pointing to stronger manufacturing activity in New York state. Among individual movers, IP Strategy Holdings surged 277%, INVO Fertility jumped 136% after better-than-expected second-quarter EPS, and Trugolf Holdings rose 62%. On the downside, EyePoint Pharmaceuticals fell 70% after topline Phase 3 trial results for DURAVYU, while Fast Track Entertainment lost 40% and Nexgel dropped 38% following weak quarterly results. Commodity prices were mostly higher, with oil, gold and silver rising, while copper declined. Overseas, European markets were mostly lower, while Asian markets finished mostly higher.

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U.S. stocks trade mixed as Dow falls 150 points and Nasdaq edges up - CoinPost Terminal