Dow Jumps Over 400 Points; Marriott Posts Upbeat Q3 Earnings

U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 400 points on Monday.

Following the market opening Monday, the Dow traded up 0.81% to 52,191.06 while the NASDAQ climbed 0.69% to 25,613.42. The S&P 500 also rose, gaining, 0.51% to 7,619.05.

Leading and Lagging Sectors

Consumer discretionary shares jumped by 2.2% on Monday.

In trading on Monday, energy stocks fell by 2.4%.

Top Headline

Marriott International (NASDAQ:MAR) reported better-than-expected third-quarter financial results and raised its FY26 adjusted EPS guidance above estimates.

Marriott Intl reported quarterly earnings of $3.02 per share which beat the analyst consensus estimate of $2.84 per share. The company reported quarterly sales of $7.005 billion which beat the analyst consensus estimate of $6.920 billion.

Equities Trading UP
           

• Inovio Pharmaceuticals Inc (NASDAQ:INO) shares shot up 195% to $1.78 after the FDA granted accelerated approval for Voceryq for the treatment of adults with recurrent respiratory papillomatosis.
• Shares of Clearone Inc (NASDAQ:CLRO) got a boost, surging 108% to $7.09 after dipping 32% on Friday.
• Evgo Inc (NASDAQ:EVGO) shares were also up, gaining 42% to $1.80 after the company announced it will be acquired by LS Power Equity Advisors.

Equities Trading DOWN

• Karyopharm Therapeutics Inc (NASDAQ:KPTI) shares dipped 79% to $0.14 after the company announced it entered into a Restructuring Support Agreement.
• Shares of Bright Minds Biosciences Inc (NASDAQ:DRUG) were down 54% to $25.52 after the company announced that the FDA that the investigational new drug application for Developmental and Epileptic Encephalopathies and related Protocol BMB-101-105 has been placed on a partial clinical hold.
• Jaguar Health Inc (NASDAQ:JAGX) was down, falling 47% to $0.86 after dipping over 20% on Friday.

Commodities 

In commodity news, oil traded down 6% to $97.85 while gold traded up 1.4% at $3,953.10.

Silver traded up 3.2% to $50.835 on Monday, while copper rose 0.9% to $6.5370.

Euro zone

European shares were mixed today. The eurozone’s STOXX 600 declined 0.1%, while Spain’s IBEX 35 Index rose 0.8%, London’s FTSE 100 slipped 0.1%, Germany’s DAX gained 0.2%, while France’s CAC 40 rose 0.3%.

Asia Pacific Markets

Asian markets closed mostly higher on Monday, with Japan’s Nikkei 225 falling 0.33%, Hong Kong’s Hang Seng index gaining 0.42%, China’s SSE Composite Index surging 1.08% and India’s BSE Sensex gaining 1.66%.

Economics

The ISM manufacturing PMI will be released today.

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