U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 400 points on Monday.

Following the market opening Monday, the Dow traded up 0.74% to 38,597.69 while the NASDAQ climbed 2.73% to 16,013.90. The S&P 500 also rose, gaining, 1.87% to 5,168.84.

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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 331% to $17.22. Janover raised $42 million in convertible notes and warrants from Pantera Capital, Kraken, Arrington Capital, and others.
• Shares of Bluejay Diagnostics, Inc. (NASDAQ:BJDX)got a boost, surging 136% to $8.07.
• Chanson International Holding (NASDAQ:CHSN) shares were also up, gaining 111% to $0.4620 as the company reported a year-over-year increase in FY24 financial results.

Equities Trading DOWN

• Antelope Enterprise Holdings Limited (NASDAQ:AEHL) shares dropped 44% to $2.3988. The company recently announced a 1-for-40 reverse stock split.
• Shares of China Pharma Holdings, Inc. (NYSE:CPHI) were down 38% to $0.1370 as the company reported a 1-for-10 reverse stock split.
• reAlpha Tech Corp (NASDAQ:AIRE) was down, falling 38% to $0.6401 as the company announced exercise of warrants for $3.1 million gross proceeds.

Commodities

In commodity news, oil traded up 2.4% to $63.45 while gold traded up 0.3% at $3,045.00.

Silver traded up 4.3% to $30.495 on Monday, while copper rose 0.4% to $4.4135.

Euro zone

European shares were lower today. The eurozone's STOXX 600 fell 2.9%, Germany's DAX 40 dipped 2.1% and France's CAC 40 fell 2.4%. Spain's IBEX 35 Index fell 4.7%, while London's FTSE 100 dipped 2.1%.

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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