Midday Market Update: Crude Oil Down 2.5%; Golden Nugget online gaming shares jump

Midway through Monday’s session, the Dow Jones traded 0.23% to 35,126.98 while the NASDAQ rose 0.20% to 14,866.01. The S&P also fell, falling 0.08% to 4,432.96.

The United States has the highest number of coronavirus cases and deaths in the world, reporting a total of 35,765,100 cases with an estimated 616,820 deaths. India has confirmed a total of at least 31,969,950 cases and 428,300 deaths, while Brazil has reported more than 20,165,670 COVID-19 cases with 563,150 deaths. In total, there have been at least 202,803,140 cases of COVID-19 worldwide with more than 4,296,910 deaths, according to data compiled by Johns Hopkins University.

Sectors ahead and behind

Financial stocks rose 0.5% on Monday. Meanwhile, the top industry winners included Bancorp PCB (NASDAQ: PCB), up 6% and Silvergate capital company (NYSE: SI) up 3%.

In Monday’s trading, energy stocks fell 1%.

Superior title

DISH Network Corporation (NASDAQ: DISH) on Monday posted better-than-expected results for its second quarter.

DISH Network reported quarterly earnings of $ 1.06 per share, beating market estimates of $ 0.88 per share. The company’s quarterly sales were $ 4.49 billion, compared to $ 4.43 billion expected by analysts.

Bullish stock trading

Golden Nugget, Inc. online game. (NASDAQ: GNOG) Shares jumped 48% to $ 18.20 after the company and DraftKings announced that they had reached a definitive deal for DraftKings to acquire Golden Nugget Online Gaming in an all-out deal. shares valued at $ 1.56 billion.

Actions of Cortexyme, Inc. (NASDAQ: CRTX) got a boost, reaching 24% to $ 83.01 after the company released second quarter results and released a business update.

Select Interior Concepts, Inc. Shares (NASDAQ: SIC) also rose, gaining 30% to $ 14.28 after the company announced its acquisition by a subsidiary of Sun Capital Partners for $ 411 million.

Discover these great engines of the day

Downward trading of stocks

Axsome Therapeutics, Inc. Shares (NASDAQ: AXSM) fell 42% to $ 29.67 after the company said it received a letter from the FDA regarding the NDA for AXS-05 indicating that the FDA “has identified loopholes that prevent discussions on labeling at the moment “. The company also released second quarter results.

Actions of Aterian, Inc. (NASDAQ: ATER) fell 40% to $ 4.9650 after the company reported worse-than-expected second quarter results.

BioVie Inc. (NASDAQ: BIVI) was down, falling 35% to $ 8.29 after the company valued its public offering of 2.5 million shares at $ 8.00 per share for gross proceeds of 20 million of dollars.

Merchandise

In the commodities news, oil traded down 2.5% to $ 66.55, while gold traded down 1.8% to $ 1,730.70.

Silver traded 3.7% on Monday to $ 23.43 while copper fell 1.3% to $ 4.2905.

Eurozone

European stocks were mixed today. The eurozone STOXX 600 gained 0.15%, the Spanish Ibex index fell 0.15% and the German DAX 30 lost 0.1%. Meanwhile, London’s FTSE 100 rose 0.13%, the French CAC 40 slipped 0.06% and the Italian FTSE MIB gained 0.54%.

Germany’s trade surplus rose to 16.3 billion euros in June from 15.4 billion euros a year ago, while the current account surplus widened to 22.5 billion. billion euros compared to 20.3 billion euros.

Economy

The number of vacancies rose from 590,000 to 10.073 million in June.

Check out the full economic calendar here


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