Crude Oil Gains 1%; US New Home Sales Increase In January

U.S. stocks traded mixed midway through trading, with the S&P 500 edging lower on Monday.

The Dow traded up 0.03% to 39,143.57 while the NASDAQ rose 0.10% to 16,013.16. The S&P 500, however, fell, 0.08% to 5,084.61.

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Leading and Lagging Sectors

Consumer discretionary shares rose by 0.6% on Monday.

In trading on Monday, utilities shares fell by 1.8%.

Top Headline

Sales of new single-family houses in the US. climbed by 1.5% from the prior month to an annualized rate of 661,000 in January.

Equities Trading UP

Akili, Inc. AKLI shares shot up 108% to $0.4553 after the company reported positive results from Shionogi’s Phase 3 clinical trial of localized version of Akili’s EndeavorRx® for Pediatric ADHD patients in Japan.

Shares of Interactive Strength Inc. TRNR got a boost, surging 28% to $0.8419 after the company announced it has entered into an exclusive worldwide distribution agreement with WOODWAY to sell and distribute CLMBR.

Agiliti, Inc. AGTI shares were also up, gaining 29% to $9.86 after the company announced it will be taken private by THL Partners.

Equities Trading DOWN

Aclarion, Inc. ACON shares dropped 63% to $0.3362 after the company priced its public offering of 5.175 million units. Each unit includes one share of common stock (or a pre-funded warrant), and two common warrants.

Shares of Intuitive Machines, Inc. LUNR were down 31% to $6.61 after the company said its lunar lander may have tipped over upon landing on the moon.

Venus Concept Inc. VERO was down, falling 27% to $0.95 after the company announced a $1.2 million registered direct offering at $1.465 per share.

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Commodities

In commodity news, oil traded up 1% to $77.24 while gold traded down 0.6% at $2,037.20.

Silver traded down 2.1% to $22.495 on Monday while copper fell 1.6% to $3.8395.

Euro zone

European shares were mixed today. The eurozone’s STOXX 600 fell 0.40%, London’s FTSE 100 fell 0.33% while Spain’s IBEX 35 Index rose 0.04% The German DAX gained 0.01% French CAC 40 fell 0.51% while Italy’s FTSE MIB Index fell 0.34%.

Producer prices in Spain declined by 3.8% year-over-year in January following a 6.3% fall in the earlier month.

Asia Pacific Markets

Asian markets closed mostly lower on Monday, with Japan’s Nikkei 225 gaining 0.35%, Hong Kong’s Hang Seng Index falling 0.54%, China’s Shanghai Composite Index dipping 0.93% and India’s S&P BSE Sensex falling 0.4%.

Singapore’s manufacturing production gained 1.1% year-over-year in January following a revised 2.4% decline in December.

Economics

Building permits in the U.S. fell by 0.3% to an annual rate of 1.489 million in January.

The Federal Reserve Bank of Dallas’s general business activity index for manufacturing in Texas rose to -11.3 in February versus an eight-month low level of -27.4 in the previous month.

Sales of new single-family houses in the US. climbed by 1.5% from the prior month to an annualized rate of 661,000 in January.

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