Crude Oil Falls Sharply; Dell Shares Spike Higher

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 350 points on Monday. The Dow traded up 1.81% to 46,400.37 while the NASDAQ jumped 1.75% to 22,026.36. The S&P 500 also rose, gaining, 1.56% to 6,608.16. Check This Out: How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q4 Earnings Leading and Lagging Sectors Consumer discretionary shares climbed by 3.6% on Monday. In trading on Monday, energy stocks rose by just 0.3%. Top Headline Dell Technologies (NYSE:DELL) shares gained 4% on Monday after the company announced new enhancements to help strengthen device trust, improve cyber resilience and detect threats in AI data platforms. Also, B of A Securities maintained its Buy rating on the stock and raised its price target from $155 to $172. Equities Trading UP Apogee Therapeutics Inc (NASDAQ:APGE) shares shot up 17% to $77.42 after the company announced 52-week maintenance data from Part A of its Phase 2 APEX clinical trial of zumilokibart, a potential best-in-class anti-IL-13 antibody, in patients with moderate-to-severe atopic dermatitis. Shares of Tower Semiconductor Ltd (NASDAQ:TSEM) got a boost, surging 9% to $178.26 after the company announced a breakthrough demonstration with Coherent of 400 Gbps per lane data transmission using a silicon modulator built in a production-ready silicon photonics process. urban-gro Inc (NASDAQ:UGRO) shares were also up, gaining 46% to $3.18 after the company announced that its merger with Sri Lanka’s Innovative Production Group, including its portfolio of T20 league commercial rights, has been completed. Equities Trading DOWN Atlantic International Corp (NASDAQ:ATLN) shares dropped 13% to $3.86. Shares of Linkers Industries Ltd (NASDAQ:LNKS) were down 85% to $0.11 after the company announced a $16 million public offering. Valneva SE (NASDAQ:VALN) was down, falling 37% to $6.48. Pfizer (NYSE:PFE) and Valneva disclosed topline results from Phase 3 VALOR clinical trial of investigational 6-Valent OspA-based Lyme disease vaccine candidate PF-0730740. CommoditiesIn commodity news, oil traded down 10.8% to $87.75 while gold traded down 2.1% at $4,480.90. Silver traded up 1% to $70.335 on Monday, while copper rose 2.1% to $5.4890. Euro zone European shares were higher today. The eurozone's STOXX 600 rose 1.47%, while Spain's IBEX 35 Index rose 1.94%. London's FTSE 100 rose 0.43%, Germany's DAX gained 2.01% and France's CAC 40 gained 1.57% during the session. Asia Pacific Markets Asian markets closed lower on Monday, with Japan's Nikkei 225 falling 3.48%, Hong Kong's Hang Seng index falling 3.54%, China's Shanghai Composite falling 3.63% and India's BSE Sensex falling 2.46%. Economics The Chicago Fed National Activity Index declined to -0.11 in February versus a revised reading of +0.20 in the previous month. U.S. construction spending fell 0.3% month-over-month in January to an annual rate of $2.19 trillion, compared to a revised 0.8% gain in December. Photo via Shutterstock