Crude Oil Down 2%; Chanson International Shares Spike Higher

reAlpha Tech Corp +2.41%
Chanson International Holding +9.15%
China Pharma Holdings, Inc. -4.06%
Janover Inc. -26.64%
Newsmax Inc. Class B -9.22%

reAlpha Tech Corp

AIRE

0.66

+2.41%

Chanson International Holding

CHSN

0.31

+9.15%

China Pharma Holdings, Inc.

CPHI

1.50

-4.06%

Janover Inc.

JNVR

52.88

-26.64%

Newsmax Inc. Class B

NMAX

25.50

-9.22%

U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 800 points on Monday.

The Dow traded down 2.14% to 37,494.77 while the NASDAQ dipped 1.24% to 15,393.88. The S&P 500 also fell, dropping, 1.59% to 4,993.52.

Check This Out: Wall Street’s Most Accurate Analysts Spotlight On 3 Industrials Stocks Delivering High-Dividend Yields

Leading and Lagging Sectors

Information technology shares surged by 4.7% on Monday.

In trading on Monday, consumer staples shares rose by just by 0.7%.

Top Headline

The Manheim Used Vehicle Value Index fell 0.7% month-over-month in March, matching the pace of decline in the previous month.

Equities Trading UP
                   

  • Janover Inc. (NASDAQ:JNVR) shares shot up 332% to $17.27. Janover raised $42 million in convertible notes and warrants from Pantera Capital, Kraken, Arrington Capital, and others.
  • Shares of Newsmax, Inc. (NYSE:NMAX)got a boost, surging 16% to $52.31. Newsmax entered into standby equity purchase agreement for up to $1.2 billion with Yorkville Advisors.
  • Chanson International Holding (NASDAQ:CHSN) shares were also up, gaining 70% to $0.3722 as the company reported a year-over-year increase in FY24 financial results.

Equities Trading DOWN

  • TAL Education Group (NYSE:TAL) shares dropped 8% to $11.27. Shares of US-listed Chinese companies traded lower after President Trump last week imposed 34% tariffs on China. In retaliation, China imposed a 34% tariff on US goods.
  • Shares of China Pharma Holdings, Inc. (NYSE:CPHI) were down 31% to $0.1532 as the company reported a 1-for-10 reverse stock split.
  • reAlpha Tech Corp (NASDAQ:AIRE) was down, falling 42% to $0.6062 as the company announced exercise of warrants for $3.1 million gross proceeds.

Commodities

In commodity news, oil traded down 2.1% to $60.72 while gold traded down 0.6% at $3,017.70.

Silver traded up 3.2% to $30.150 on Monday, while copper fell 3.3% to $4.2565.

Euro zone

European shares were lower today. The eurozone's STOXX 600 fell 3.99%, Germany's DAX 40 dipped 3.67% and France's CAC 40 fell 4.3%. Spain's IBEX 35 Index fell 4.62%, while London's FTSE 100 dipped 3.87%.

Asia Pacific Markets

Asian markets closed lower on Monday, with Japan's Nikkei 225 dipping 7.83%, China's Shanghai Composite falling 7.34%, Hong Kong's Gang Seng index dipping 13.22% and India's BSE Sensex falling 2.95%.

Economics

The Manheim Used Vehicle Value Index fell 0.7% month-over-month in March, matching the pace of decline in the previous month.

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