U.S. stocks traded lower this morning, with the Nasdaq Composite falling over 600 points on Monday.

Following the market opening Monday, the Dow traded down 0.33% to 44,276.05 while the NASDAQ fell 3.08% to 19,340.76. The S&P 500 also fell, dropping, 1.74% to 5,994.91.

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Leading and Lagging SectorsConsumer staples shares surged by 1.4% on Monday.

In trading on Monday, information technology shares fell by 4.5%.

Top Headline

The Chicago Fed National Activity Index rose to 0.15 in December, recording the strongest reading in seven months, and versus a revised -0.01 in the previous month.

Equities Trading UP                       

• Aurora Mobile Limited (NASDAQ:JG) shares shot up 207% to $17.98 after the company revealed its GPTBots.ai platform has integrated the DeepSeek R1 large language model.
• Shares of Akero Therapeutics, Inc. (NASDAQ:AKRO)got a boost, surging 111% to $55.12 after the company reported preliminary Week 96 results from its SYMMETRY Phase 2B study of Efruxifermin.
• 89bio, Inc. (NASDAQ:ETNB) shares were also up, gaining 48% to $10.59.

Equities Trading DOWN

• Allakos Inc. (NASDAQ:ALLK) shares dropped 76% to $0.2901 after the company announced it will discontinue further development of AK006, reduce its workforce by 75%, and explore strategic alternatives.
• Shares of Veru Inc. (NASDAQ:VERU) were down 43% to $0.6876 after the company reported results from Phase 2b trial of Enobosarm for muscle preservation in weight loss patients.
• PMGC Holdings Inc. (NASDAQ:ELAB) was down, falling 42% to $1.82. PMGC Holdings announced $1.9 million in gross proceeds from warrant inducement with institutional investors.

CommoditiesIn commodity news, oil traded down 0.3% to $74.45 while gold traded down 0.7% at $2,760.60.

Silver traded down 1.2% to $30.825 on Monday, while copper fell 0.9% to $4.2815.

Euro zone

European shares were mostly lower today. The eurozone's STOXX 600 fell 0.4%, Germany's DAX 40 fell 0.7% and France's CAC 40 fell 0.5%. Spain's IBEX 35 Index rose 0.2%, while London's FTSE 100 fell 0.1%.

Asia Pacific Markets

Asian markets closed mostly lower on Monday, with Japan's Nikkei 225 falling 0.92%, China's Shanghai Composite Index falling 0.06%, Hong Kong's Hang Seng Index gaining 0.66% and India's BSE Sensex dipping 1.08%.

Economics

• The Chicago Fed National Activity Index rose to 0.15 in December, recording the strongest reading in seven months, and versus a revised -0.01 in the previous month.
• U.S. building permits in rose by 0.7% to an annualized rate of 1.482 million in December.

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