US Stocks Lower; Dow Falls Over 50 Points

Author: Lisa Levin | November 27, 2023 10:46am

U.S. stocks traded lower this morning, with the Dow Jones index falling over 50 points on Monday.

Following the market opening Monday, the Dow traded down 0.18% to 35,328.05 while the NASDAQ fell 0.13% to 14,231.78. The S&P 500 also fell, dropping, 0.25% to 4,548.14.

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Leading and Lagging Sectors

 

Communication services shares edged higher on Monday.

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

 

Top Headline

 

Shopify Inc (NYSE:SHOP) merchants accomplished a record-breaking $4.1 billion in sales on Black Friday, marking a 22% increase from the previous year.

Sales peaked when collective sales reached $4.2 million per minute at 12:01 p.m. EST.

 

Equities Trading UP

 

RedHill Biopharma Ltd. (NASDAQ:RDHL) shares shot up 130% to $0.7241 after the company announced the FDA has granted five years' market exclusivity for Talicia.

Shares of Biodexa Pharmaceuticals Plc (NASDAQ:BDRX) got a boost, shooting 75% to $4.69 after the company announced it entered into agreements to acquire an exclusive worldwide license to tolimidone.

Tharimmune, Inc. (NASDAQ:THAR) shares were also up, gaining 53% to $4.41 after the company reported Phase 1 data on TH104 for chronic pruritis in primary biliary cholangitis.

 

Equities Trading DOWN

 

BioNexus Gene Lab Corp. (NASDAQ:BGLC) shares dropped 21% to $0.71 after jumping 144% on Friday.

Shares of Impel Pharmaceuticals Inc. (NASDAQ:IMPL) were down 14% to $0.73 after gaining 8% on Friday. Impel Pharmaceuticals recently announced exploration of strategic alternatives.

ProQR Therapeutics N.V. (NASDAQ:PRQR) was down, falling 18% to $1.21.

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Commodities

 

In commodity news, oil traded down 0.3% to $75.34 while gold traded up 0.5% at $2,012.40.

Silver traded up 2% to $24.82 on Monday while copper fell 0.8% to $3.7595.

 

Euro zone

 

European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.1%, London’s FTSE 100 fell 0.2% while Spain’s IBEX 35 Index rose 0.3% The German DAX fell 0.2% French CAC 40 slipped 0.1%, while Italy’s FTSE MIB Index rose 0.1%.

 

Asia Pacific Markets

 

Asian markets closed lower on Monday, with Japan’s Nikkei 225 falling 0.53%, Hong Kong’s Hang Seng Index falling 0.20% and China’s Shanghai Composite Index falling 0.30%. India’s S&P BSE Sensex, meanwhile, fell 0.1%.

Hong Kong’s trade deficit increased to $25.8 billion in October from $20.9 billion in the year-ago month. Profits earned by Chinese industrial firms fell by 7.8% year-over-year to CNY 6,115.42 billion in the first ten months of 2023, compared to a 9.0 % decline in the previous period.

 

Economics

 

Data on new home sales will be released at 10:00 a.m. ET.

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Posted In: BDRX BGLC IMPL PRQR RDHL SHOP THAR