U.S. stocks traded slightly higher this morning, with the Dow Jones index gaining around 25 points on Monday.
Following the market opening Monday, The $Dow Jones Industrial Average (.DJI.US)$ traded up 0.12% to 38,134 while the $Nasdaq Composite Index (.IXIC.US)$ rose 0.23% to 15,461. The $S&P 500 Index (.SPX.US)$ also fell, dropping, 0.13% to 4,893.
Consumer discretionary shares rose by 0.2% on Monday. In trading on Monday, communication services shares fell by 0.3%.
$Amazon (AMZN.US)$ and $iRobot (IRBT.US)$ mutually agreed to terminate their $1.7 billion merger deal, sending the latter stock down 10%. The deal would have allowed Amazon to invest in continued innovation by iRobot and support iRobot in lowering prices on product customers.
$Palisade Bio (PALI.US)$ shares shot up 132% to $1.23 after the company requested the withdrawal of a recently filed registration statement. Also, the company announced preclinical data of its lead program PALI-2108 at the 2024 Crohn's & Colitis Congress.
Shares of $OneMedNet (ONMD.US)$ got a boost, surging 91% to $1.0210. OneMedNet announced participation as an exhibitor at the 15th Annual SCOPE Summit.
Equities Trading DOWN
$Panbela Therapeutics (PBLA.US)$ shares dropped 67% to $1.43 after the company announced pricing of a roughly $9 million public offering.
Share of $Arrival (ARVL.US)$ were down 24% to $0.56.
$SMX (Security Matters) (SMX.US)$ was down, falling 21% to $0.3396 after gaining around 83% on Friday.
Commodities
In commodity news, oil traded down 1.2% to $77.06 while gold traded up 0.6% at $2,030.10.
Silver traded down 0.7% to $23.03 on Monday while copper rose 0.1% to $3.8555.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 rose 0.1%, London's FTSE 100 rose 0.1% while Spain's IBEX 35 Index fell 0.6% The German DAX fell 0.4% French CAC 40 slipped 0.1% while Italy's FTSE MIB Index fell 0.7%.
The Credit Union Consumer Sentiment Index in Ireland climbed to 74.2 in January versus a reading of 62.4 in December.
Asia Pacific Markets
Asian markets closed mostly higher on Monday, with Japan's Nikkei 225 gaining 0.77%, Hong Kong's Hang Seng Index gaining 0.78% and China's Shanghai Composite Index falling 0.92%. India's S&P BSE Sensex, meanwhile, jumped 1.74%.
Profits earned by Chinese industrial firms declined 2.3% year-over-year to CNY 7,685.83 billion last year. The Domestic Supply Price Index in Singapore declined 1.1% year-over-year in December, while Malaysia's producer prices fell 1.3% year-over-year in December.