Dow Falls Over 300 Points; SAIC Shares Jump After Upbeat Q2 Results

U.S. stocks traded lower this morning, with the Dow Jones index falling more than 300 points on Monday.

Following the market opening Monday, the Dow traded down 0.61% to 53,232.50 while the NASDAQ slipped 0.45% to 26,282.51. The S&P 500 also fell, dropping, 0.48% to 7,675.08.

Leading and Lagging Sectors

Energy shares jumped by 2% on Monday.

In trading on Monday, communication services stocks fell by 1.7%.

Top Headline

Science Applications International Corporation (NASDAQ:SAIC) shares jumped around 7% on Monday after the company reported better-than-expected second-quarter financial results and raised its FY27 guidance.

SAIC reported quarterly earnings of $3.01 per share which beat the analyst consensus estimate of $2.31 per share. The company reported quarterly sales of $1.880 billion which beat the analyst consensus estimate of $1.766 billion.

Equities Trading UP
           

• Collplant Biotechnologies Ltd – ADR (NASDAQ:CLGN) shares shot up 97% to $0.71 as the company announced a deal to acquire a photonic computing firm LightSolver Ltd.
• Shares of Vivos Therapeutics Inc (NASDAQ:VVOS) got a boost, surging 81% to $0.41 after declining 13% on Friday.
• Wetour Robotics Ltd (NASDAQ:WETO) shares were also up, gaining 79% to $10.26 after dipping 50% on Friday. Wetour Robotics recently announced it entered into an agreement with Rodman & Renshaw to sell up to $75 million of shares.

Equities Trading DOWN

• FingerMotion Inc (NASDAQ:FNGR) shares dropped 35% to $0.26, giving back some of Friday’s gains after the company unveiled plans to expand into AI-focused data centers.
• Shares of Jupiter Neurosciences Inc (NASDAQ:JUNS) were down 28% to $3.00 after dipping 15% on Friday. Jupiter Neurosciences recently announced pricing of $2.0 million registered direct offering.
• Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) was down, falling 26% to $0.79.

Commodities

In commodity news, oil traded up 3.7% to $86.46 while gold traded down 0.6% at $4,503.70.

Silver traded up 0.2% to $67.92 on Monday, while copper rose 0.4% to $6.6870.

Euro zone

European shares were mixed today. The eurozone’s STOXX 600 slipped 0.1%, while Spain’s IBEX 35 Index rose 0.4%, London’s FTSE 100 rose 0.3%, Germany’s DAX dipped 0.7%, while France’s CAC 40 rose 0.1%.

Asia Pacific Markets

Asian markets closed mostly lower on Monday, with Japan’s Nikkei 225 falling 0.14%, Hong Kong’s Hang Seng index declining 0.07%, China’s Shanghai Composite gaining 0.86% and India’s BSE Sensex falling 0.40%.

Economics

The Dallas Fed manufacturing index will be released today.

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