Dow Jumps 200 Points; Outdoor Holding Shares Fall After Q4 Results

Outdoor Holding
Tenon Medical, Inc.
Hyperscale Data, Inc.
Nexentis Technologies Inc.
Getty Images Holdings, Inc. Class A

Outdoor Holding

POWW

0.00

Tenon Medical, Inc.

TNON

0.00

Hyperscale Data, Inc.

GPUS

0.00

Nexentis Technologies Inc.

NXTS

0.00

Getty Images Holdings, Inc. Class A

GETY

0.00

U.S. stocks traded mostly higher this morning, with the Dow Jones index gaining more than 200 points on Monday.

Following the market opening Monday, the Dow traded up 0.41% to 51,775.92 while the NASDAQ fell 0.14% to 26,481.57. The S&P 500 also rose, gaining, 0.21% to 7,516.48.

Leading and Lagging Sectors

Financial shares jumped by 0.9% on Monday.

In trading on Monday, communication services stocks fell by 2.3%.

Top Headline

Outdoor Holding Company (NASDAQ:POWW) shares fell more than 2% on Monday after the company reported results for the fourth quarter.

The company reported quarterly losses of 3 cents per share which missed the analyst consensus estimate of loss of 1 cent per share. The company reported quarterly sales of $13.889 million which beat the analyst consensus estimate of $12.700 million.

Equities Trading UP
         

  • Nexentis Technologies Inc (NASDAQ:NXTS) shares shot up 208% to $15.64 after the company announced its subsidiary, MitoCareX Bio, entered into an engagement with Boltz for the identification of novel small-molecule scaffolds targeting selected solute carrier proteins of interest to MitoCareX’s pipeline
  • Shares of Tenon Medical Inc (NASDAQ:TNON) got a boost, surging 117% to $0.76 after dipping 42% on Thursday.
  • Getty Images Holdings Inc (NYSE:GETY) shares were also up, gaining 112% to $1.28 after the company announced a display partnership with OpenAI.

Equities Trading DOWN

  • Xiao-I Corp (NASDAQ:AIXI) shares dropped 54% to $2.88 after the company issued an update on first-instance rulings in patent litigation against Apple.
  • Shares of Lichen International Ltd (NASDAQ:LICN) were down 28% to $1.56 after dipping 21% on Thursday.
  • Hyperscale Data Inc (NYSE:GPUS) was down, falling 25% to $0.27 after the company announced a $300 million at-the-market equity offering.

Commodities

In commodity news, oil traded down 1% to $75.83 while gold traded down 0.7% at $4,218.20.

Silver traded up 0.1% to $66.405 on Monday, while copper fell 0.2% to $6.3730.

Euro zone

European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.3%, while Spain’s IBEX 35 Index rose 0.6%. London’s FTSE 100 rose 0.6%, Germany’s DAX gained 0.1%, while France’s CAC 40 fell 0.5%.

Asia Pacific Markets

Asian markets closed mostly higher on Monday, with Japan’s Nikkei 225 gaining 1.55%, Hong Kong’s Hang Seng Index falling 0.65%, China’s Shanghai Composite jumping 1.78% and India’s BSE Sensex climbing 0.38%.

Economics

No major economic reports are scheduled for released today.

Photo via Shutterstock

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