Following the market opening Monday, the Dow traded down 0.36% to 30,884.99 while the NASDAQ rose 1.13% to 13,696.20. The S&P also rose, gaining 0.34% to 3,854.37.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 25,127,570 cases with around 419,220 deaths. India confirmed a total of at least 10,667,730 confirmed cases and 153,470 deaths, while Brazil reported over 8,844,570 COVID-19 cases with 217,030 deaths. In total, there were at least 99,245,800 cases of COVID-19 worldwide with over 2,130,650 deaths, according to data compiled by Johns Hopkins University.
Leading and Lagging Sectors
Utilities shares gained by 1.1% on Monday. Meanwhile, top gainers in the sector included VivoPower International PLC VVPR, up 28%, and Just Energy Group Inc JE, up 21%.
In trading on Monday, energy shares fell 1.6%.
Top Headline
Kimberly Clark Corp KMB reported better-than-expected results for its fourth quarter. The company also announced a $5 billion buyback program and raised its quarterly dividend from $1.07 to $1.14 per share.
Kimberly-Clark reported quarterly earnings of $1.69 per share, beating analysts’ expectations of $1.61 per share. The company posted revenue of $4.80 billion, versus estimates of $4.71 billion.
Kimberly-Clark said it expects FY21 adjusted earnings of $7.75 to $8.00 per share, versus analysts’ estimates of $7.77 per share.
Equities Trading UP
TS Innovation Acquisitions Corp. TSIA shares shot up 64% to $17.00. Enterprise SaaS platform Latch is going public through a SPAC merger with TS Innovation Acquisition. The Tishman Speyer-sponsored SPAC has a long-term existing collaboration with Latch.
Shares of Aemetis, Inc. AMTX got a boost, shooting 60% to $7.06. Aemetis shares gained over 9% on Friday after the company announced that its "Carbon Zero" biofuels production process has received a total of $16.8millionof solar energy and other energy efficiency grants to fund upgrades of the Keyes, California plant to support the production of zero carbon renewable fuel.
Orbital Energy Group, Inc. OEG shares were also up, gaining 43% to $7.17. Orbital Energy Group’s subsidiary, Orbital Solar Services, has been named the engineering, procurement, and construction company "of choice" for the newly-formed Black Sunrise Half Century Fund.
Check out these big movers of the day
Equities Trading DOWN
ReneSola Ltd SOL shares tumbled 18% to $27.44 after the company priced its 10 million ADS offering at $25 per ADS.
Shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás EBR were down 14% to $4.85.
Arcadia Biosciences, Inc. RKDA was down, falling 13% to $2.985 after the company priced its 7.88 million share common stock purchase at $3.1925 per share.
Commodities
In commodity news, oil traded up 1% to $52.81, while gold traded up 0.3% to $1,862.10.
Silver traded up 0.8% Monday to $25.765 while copper rose 0.3% to $3.6360.
Euro zone
European shares were mostly lower today. The eurozone’s STOXX 600 rose 0.1%, the Spanish Ibex Index fell 0.6% and the German DAX 30 dropped 0.1%. Meanwhile, the French CAC 40 fell 0.3%, London’s FTSE 100 fell 0.3% and Italy’s FTSE MIB gained 0.1%.
German Ifo business climate indicator declined to 90.1 in January versus a revised reading of 92.2 in the earlier month.
Economics
The Chicago Fed National Activity Index climbed to 0.52 in December versus a revised reading of 0.31 in November.
The Dallas Fed manufacturing index for January will be released at 10:30 a.m. ET.
The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
The Treasury will auction 2-year notes at 1:00 p.m. ET.
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