Dow Gains 100 Points; McDonald's Shares Rise After Q4 Results

U.S. stocks traded higher this morning, with the Dow Jones index gaining around 100 points on Monday.

Following the market opening Monday, the Dow traded up 0.24% to 44,407.91 while the NASDAQ gained 0.89% to 19,696.41. The S&P 500 also rose, gaining, 0.43% to 6,051.88.

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Leading and Lagging Sectors

Information technology shares surged by 1.5% on Monday.

In trading on Monday, real estate shares fell by 0.7%.

Top Headline

Shares of McDonald's Corp (NYSE:MCD) gained around 5% on Monday following the release of fourth-quarter results.

The company reported a fourth-quarter sales decline of 0.3% year-on-year to $6.388 billion, missing the analyst consensus estimate of $6.442 billion. Adjusted EPS of $2.83 was in line with the analyst consensus estimate.

Equities Trading UP
                       

• Brand Engagement Network, Inc. (NASDAQ:BNAI) shares shot up 107% to $0.8625.
• Shares of Biodexa Pharmaceuticals Plc (NASDAQ:BDRX)got a boost, surging 70% to $6.93 after the company announced it received FDA fast-track designation for eRapa.
• Global Star Acquisition, Inc. (NASDAQ:GLST) shares were also up, gaining 58% to $17.32.

Equities Trading DOWN

• Pliant Therapeutics, Inc. (NASDAQ:PLRX) shares dropped 60% to $3.1075. On Friday, Pliant Therapeutics announced it has voluntarily paused enrollment and dosing in the ongoing BEACON-IPF Phase 2b trial of bexotegrast in patients with idiopathic pulmonary fibrosis (IPF), a chronic lung disease that causes scarring and stiffening of the lung tissue.
• Shares of FBS Global Limited (NASDAQ:FBGL) were down 33% to $1.2050.
• Semtech Corporation (NASDAQ:SMTC) was down, falling 31% to $37.46 after Needham cut its price target on the stock from $74 to $54.

Commodities

In commodity news, oil traded up 1.4% to $71.99 while gold traded up 1.5% at $2,931.10.

Silver traded up 0.6% to $32.635 on Monday, while copper rose 2% to $4.6820.

Euro zone

European shares were higher today. The eurozone's STOXX 600 gained 0.5%, Germany's DAX 40 rose 0.6% and France's CAC 40 rose 0.3%. Spain's IBEX 35 Index rose 0.1%, while London's FTSE 100 rose 0.8%.

Asia Pacific Markets

Asian markets closed mostly higher on Monday, with Japan's Nikkei 225 gaining 0.04%, China's Shanghai Composite Index climbing 0.56%, Hong Kong's Hang Seng Index gaining 1.84% and India's BSE Sensex falling 0.70%.

Economics

Data on US consumer inflation expectations will be released today

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