Following the market opening Monday, the Dow traded up 0.81 percent to 24,655.30 while the NASDAQ climbed 0.63 percent to 7,737.10. The S&P also rose, gaining 0.55 percent to 2,775.12.
Leading and Lagging Sectors;
Monday morning, the financial shares climbed 1.1 percent. Meanwhile, top gainers in the sector included Chemung Financial Corporation CHMG 2.52% up 5 percent, and Mitsubishi UFJ Financial Group, Inc. MUFG 3.04% up 4 percent.
In trading on Monday, telecommunication services shares fell 1 percent.
Helen of Troy Limited HELE 13.83% reported better-than-expected Q1 results and raised its FY19 earnings guidance.
Helen of Troy posted Q1 earnings of $1.87 per share on revenue of $354.679 million. However, analysts expected earnings of $1.43 per share on sales of $334.9 million.
Helen Of Troy now expects FY2019 earnings of $7.45 to $7.70 per share, versus earlier forecast of $7.30 to $7.55 per share.
Equities Trading UP;
MabVax Therapeutics Holdings, Inc. MBVX 259.39% shares shot up 271 percent to $2.19 after the company and Boehringer Ingelheim signed asset purchase and license agreements for antibody development program targeting multiple solid tumor cancers.
Shares of Benitec Biopharma Limited BNTC 75.89% got a boost, shooting up 83 percent to $4.10 after the company reported a global licensing agreement for BB-301 for the treatment of oculopharyngeal muscular dystrophy and broad platform collaboration with Axovant.
Staffing 360 Solutions, Inc. STAF 149.63% shares were also up, gaining 96 percent to $2.68 after the company reported an acquisition of recruitment firm Clement May Limited.
Equities Trading DOWN;
CTI BioPharma Corp. CTIC 14.23% shares dropped 12 percent to $4.585 after the company disclosed that its Phase 3 trial evaluating PIXUVRI did not meet its primary endpoint of improvement in progression-free survival.
Shares of Dova Pharmaceuticals, Inc. DOVA 15.78% were down 13 percent to $25.50.
Adesto Technologies Corporation IOTS 18.82% was down, falling around 18 percent to $6.975 after reporting a $40 million offering.
In commodity news, oil traded up 0.28 percent to $74.01 while gold traded up 0.68 percent to $1,264.40.
Silver traded up 0.88 percent Monday to $16.21, while copper rose 1.19 to $2.8575.
European shares were higher today. The eurozone’s STOXX 600 gained 0.45 percent, the Spanish Ibex Index rose 0.32 percent, while Italy’s FTSE MIB Index rose 0.30 percent. Meanwhile the German DAX gained 0.10 percent, and the French CAC 40 climbed 0.25 percent while U.K. shares rose 0.29 percent.
The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
The TD Ameritrade Investor Movement Index for June is schedule for release at 12:30 p.m. ET.
Data on consumer credit for May will be released at 3:00 p.m. ET.