Nasdaq Gains Over 100 Points; Li Auto Delivers 48,740 Vehicles In November

Author: Avi Kapoor | December 02, 2024 09:50am

U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 100 points on Monday.

Following the market opening Monday, the Dow traded up 0.09% to 44,953.54 while the NASDAQ gained 0.54% to 19,322.17. The S&P 500 also rose, gaining, 0.21% to 6,045.08.

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Leading and Lagging Sectors

Consumer discretionary shares jumped by 1.3% on Monday.

In trading on Monday, real estate shares fell by 0.6%.

Top Headline

Li Auto Inc. (NASDAQ:LI) said on Sunday that it delivered 48,740 vehicles in November, marking an 18.8% jump in sales year-over-year but a 5.3% drop from October when it delivered 51,443 vehicles.

The rise in sales, Li Auto said, could be attributed to robust sales across its model lineup.

Equities Trading UP
                       

• Senti Biosciences, Inc. (NASDAQ:SNTI) shares shot up 244% to $7.42 after the company announced a private investment in public equity to issue and sell an aggregate of 16,713 shares of Series A Convertible Preferred Stock.
• Shares of Safe & Green Holdings Corp. (NASDAQ:SGBX) got a boost, surging 69% to $0.8267.
• ParaZero Technologies Ltd.. (NASDAQ:PRZO) shares were also up, gaining 60% to $1.9799. ParaZero Technologies recently announced it received a designation verification report approval from the European Union Aviation Safety Agency for its SafeAir M-300 Pro and SafeAir M-350 Pro parachute safety kits.

Equities Trading DOWN

• Mondee Holdings, Inc. (NASDAQ:MOND) shares dropped 20% to $0.5711 after the company announced it received a delist determination notice from the Nasdaq.
• Shares of Thunder Power Holdings, Inc. (NASDAQ:AIEV) were down 20% to $0.3741.
• Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) was down, falling 15% to $2.25.

Commodities

In commodity news, oil traded up 1.3% to $68.89 while gold traded down 0.4% at $2,669.70.

Silver traded down 0.4% to $30.990 on Monday, while copper fell 0.1% to $4.1350.

Euro zone

European shares were higher today. The eurozone's STOXX 600 gained 0.6%, Germany's DAX climbed 1.3% and France's CAC 40 gained 0.1%. Spain's IBEX 35 Index rose 0.7%, while London's FTSE 100 rose 0.4%.

Asia Pacific Markets

Asian markets closed mostly higher on Monday, with Japan's Nikkei 225 gaining 0.80%, Hong Kong's Hang Seng Index gaining 0.65%, China's Shanghai Composite Index climbing 1.13% and India's BSE Sensex gaining 0.56%.

Economics

The manufacturing PMI will be released today.

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Posted In: AIEV LI MOND PRZO SGBX SNTI TDTH