Nasdaq Gains Over 100 Points; Li Auto Delivers 48,740 Vehicles In November
U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 100 points on Monday.
Following the market opening Monday, the Dow traded up 0.09% to 44,953.54 while the NASDAQ gained 0.54% to 19,322.17. The S&P 500 also rose, gaining, 0.21% to 6,045.08.
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Leading and Lagging Sectors
Consumer discretionary shares jumped by 1.3% on Tuesday.
In trading on Tuesday, real estate shares fell by 0.6%.
Top Headline
Li Auto Inc. LI said on Sunday that it delivered 48,740 vehicles in November, marking an 18.8% jump in sales year-over-year but a 5.3% drop from October when it delivered 51,443 vehicles.
The rise in sales, Li Auto said, could be attributed to robust sales across its model lineup.
Equities Trading UP
- Senti Biosciences, Inc. SNTI shares shot up 244% to $7.42 after the company announced a private investment in public equity to issue and sell an aggregate of 16,713 shares of Series A Convertible Preferred Stock.
- Shares of Safe & Green Holdings Corp. SGBX got a boost, surging 69% to $0.8267.
- ParaZero Technologies Ltd.. PRZO shares were also up, gaining 60% to $1.9799. ParaZero Technologies recently announced it received a designation verification report approval from the European Union Aviation Safety Agency for its SafeAir M-300 Pro and SafeAir M-350 Pro parachute safety kits.
Equities Trading DOWN
- Mondee Holdings, Inc. MOND shares dropped 20% to $0.5711 after the company announced it received a delist determination notice from the Nasdaq.
- Shares of Thunder Power Holdings, Inc. AIEV were down 20% to $0.3741.
- Trident Digital Tech Holdings Ltd TDTH was down, falling 15% to $2.25.
Commodities
In commodity news, oil traded up 1.3% to $68.89 while gold traded down 0.4% at $2,669.70.
Silver traded down 0.4% to $30.990 on Monday, while copper fell 0.1% to $4.1350.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 gained 0.6%, Germany’s DAX climbed 1.3% and France’s CAC 40 gained 0.1%. Spain’s IBEX 35 Index rose 0.7%, while London’s FTSE 100 rose 0.4%.
Asia Pacific Markets
Asian markets closed mostly higher on Friday, with Japan’s Nikkei 225 gaining 0.80%, Hong Kong’s Hang Seng Index gaining 0.65%, China’s Shanghai Composite Index climbing 1.13% and India’s BSE Sensex gaining 0.56%.
Economics
The manufacturing PMI will be released today.
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