Dow falls more than 300 points as U.S. stocks trade lower

  • U.S. stocks traded lower Monday, led by a more-than-300-point decline in the Dow.
  • SAIC reported $3.01 quarterly earnings per share and $1.880 billion in sales.
  • Asian markets closed mostly lower, while European shares were mixed on Monday.

U.S. stocks traded lower on Monday, with the Dow Jones Industrial Average down more than 300 points after the market opened. The Dow fell 0.61% to 53,232.50, the Nasdaq slipped 0.45% to 26,282.51 and the S&P 500 declined 0.48% to 7,675.08. Energy shares rose 2%, while communication services stocks fell 1.7%. Science Applications International Corporation (NASDAQ:SAIC) climbed about 7% after reporting second-quarter earnings of $3.01 per share, above the $2.31 analyst consensus estimate, and quarterly sales of $1.880 billion, ahead of the $1.766 billion consensus. The company also raised its FY27 guidance. Among other major movers, Collplant Biotechnologies Ltd – ADR (NASDAQ:CLGN) surged 97% to $0.71 after announcing a deal to acquire photonic computing firm LightSolver Ltd. Vivos Therapeutics Inc (NASDAQ:VVOS) jumped 81% to $0.41 after falling 13% on Friday, while Wetour Robotics Ltd (NASDAQ:WETO) gained 79% to $10.26 after declining 50% on Friday. Wetour recently announced an agreement with Rodman & Renshaw to sell up to $75 million of shares. FingerMotion Inc (NASDAQ:FNGR) dropped 35% to $0.26 after unveiling plans to expand into AI-focused data centers. Jupiter Neurosciences Inc (NASDAQ:JUNS) fell 28% to $3.00 after declining 15% on Friday; the company recently announced pricing for a $2.0 million registered direct offering. Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) fell 26% to $0.79. Oil rose 3.7% to $86.46, gold declined 0.6% to $4,503.70, silver gained 0.2% to $67.92 and copper rose 0.4% to $6.6870. European markets were mixed: the STOXX 600 fell 0.1%, Spain’s IBEX 35 rose 0.4%, London’s FTSE 100 rose 0.3%, Germany’s DAX declined 0.7% and France’s CAC 40 rose 0.1%. Asian markets closed mostly lower, with Japan’s Nikkei 225 down 0.14%, Hong Kong’s Hang Seng index down 0.07%, China’s Shanghai Composite up 0.86% and India’s BSE Sensex down 0.40%. The Dallas Fed manufacturing index was scheduled for release on Monday.

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Dow falls more than 300 points as U.S. stocks trade lower - CoinPost Terminal