Dow Dips Over 300 Points; Viad Shares Spike Higher

Benzinga
2024-10-22

U.S. stocks traded lower midway through trading, with the Dow Jones index falling over 300 points on Monday.

The Dow traded down 0.70% to 42,973.32 while the NASDAQ slipped 0.17% to 18,457.71. The S&P 500 also fell, dropping, 0.40% to 5,841.16.

Check This Out: Top 4 Consumer Stocks That May Dip This Quarter

Leading and Lagging SectorsInformation technology shares jumped by 0.3% on Monday.

In trading on Monday, real estate shares fell by 1.9%.

Top Headline

Spirit Airlines, Inc. (NYSE:SAVE) announced that on October 11, it modified its card processing agreement to extend the deadline for its 2025 notes from October 21 to December 23 and the early maturity date from December 31 to March 3.

Equities Trading UP                       

  • Viad Corp (NYSE:VVI) shares shot up 14% to $40.64 after the company announced it entered into a deal to sell its GES business to Truelink Capital for $535 million.
  • Shares of Construction Partners, Inc. (NASDAQ:ROAD) got a boost, surging 12% to $83.53 after the company issued FY25 revenue above estimates. Also, Construction Partners announced it will acquire Asphalt Inc for a mix of cash $654 million in cash and 3 million in class A common stock
  • Siyata Mobile Inc. (NASDAQ:SYTA) shares were also up, gaining 82% to $1.8294 after the company announced its next-generation SD7 Ultra series 5G mission-critical push-to-talk cellular radio handsets will be available on T-Mobile’s 5G network.

Equities Trading DOWN

  • Sezzle Inc. (NASDAQ:SEZL) shares dropped 11% to $200.00. Sezzle will release its third quarter results after the market close on Nov. 07.
  • Shares of Innventure, Inc. (NASDAQ:INV) were down 10% to $11.29.
  • IGM Biosciences, Inc. (NASDAQ:IGMS) was down, falling 9% to $15.15.

CommoditiesIn commodity news, oil traded up 1.3% to $70.09 while gold traded up 0.2% at $2,735.00.

Silver traded up 1.8% to $33.840 on Monday, while copper fell 0.8% to $4.3500.

Euro zone

European shares were lower today. The eurozone's STOXX 600 fell 0.66%, Germany's DAX fell 1% and France's CAC 40 fell 1.01%. Spain's IBEX 35 Index fell 0.71%, while London's FTSE 100 fell 0.48%.

Producer prices in Germany fell 1.4% year-over-year in September compared to a 0.8% decline in the prior two months.

Asia Pacific Markets

Asian markets closed mostly lower on Monday, with Japan's Nikkei 225 falling 0.07%, Hong Kong's Hang Seng Index dipped 1.57%, China's Shanghai Composite Index gaining 0.20% and India's BSE Sensex falling 0.09%.

The People’s Bank of China cut its one-year loan prime rate by 25bps to 3.1% at the October fixing.

Economics

No major economic reports are scheduled for release today.

Now Read This:

  • Wall Street’s Most Accurate Analysts Spotlight On 3 Health Care Stocks Delivering High-Dividend Yields

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10