---
title: "Gold Tumbles Over 3%; MongoDB Shares Move Lower"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/300342422.md"
description: "U.S. stocks fell on Monday, with the Nasdaq dropping over 150 points and the S&P 500 down 0.57%. MongoDB shares tumbled 17% after its CEO stepped down to join Meta. Conversely, Knorex surged 301% following a strategic carve-out announcement, and Kodiak Sciences rose 185% on positive Phase 3 trial results. Commodities saw declines, with gold falling 3.5% and oil down 0.1%. The Dallas Fed’s Texas manufacturing index also decreased."
datetime: "2026-09-28T19:01:51.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/300342422.md)
  - [en](https://longbridge.com/en/news/300342422.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/300342422.md)
generator: "portal-rs"
---

# Gold Tumbles Over 3%; MongoDB Shares Move Lower

U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling more than 150 points on Monday.

The Dow traded down 0.50% to 51,571.80 while the NASDAQ dipped 0.63% to 26,897.56. The S&P 500 also fell, dropping, 0.57% to 7,699.44.

**Leading and Lagging Sectors**

Energy shares rose by 0.3% on Monday.

In trading on Monday, communication services stocks fell by 1.5%.

**Top Headline**

The Dallas Fed’s general business activity index for Texas manufacturing fell to 9.8 in September from 11.6 in the previous month.

**Equities Trading UP**  

-   **Knorex Ltd (**NYSE:KNRX) shares shot up 301% to $1.22. KNOREX announced that it is pursuing a strategic carve-out of AscendX Media Technologies Pte. Ltd, its wholly owned publisher monetization subsidiary.
-   Shares of **Kodiak Sciences Inc** (NASDAQ:KOD) got a boost, surging 185% to $92.20 after the company announced that the primary endpoints were met for Zenkuda and tabirafusp-ted in the Phase 3 DAYBREAK study in patients with wet age-related macular degeneration.
-   **AMC Entertainment Holdings Inc (**NYSE:AMC) shares were also up, gaining 14% to $3.34 as investors continue to weigh a debt maturity extension and new alternative revenue streams.

**Equities Trading DOWN**

-   **Mongodb Inc (**NASDAQ:MDB) shares dropped 17% to $339.65. The company announced CEO Chirantan Desai has stepped down effective immediately to pursue a senior role at Meta Platforms.
-   Shares of **Nu Holdings Ltd. (**NYSE:NU) were down 9% to $12.37 after reports suggesting it is in discussions to acquire UK digital bank Monzo for as much as $13 billion in cash and stock.
-   **Masonglory Ltd (**NASDAQ:MSGY) was down, falling 62% to $3.10. Masonglory announced a $1 million private placement of 667K Class A shares at $1.50 per share with Series A and Series B warrants.

**Commodities**  

In commodity news, oil traded down 0.1% to $92.39 while gold traded down 3.5% at $4,171.10.

Silver traded down 4.8% to $61.690 on Monday, while copper fell 1.8% to $6.6460.

**Euro zone**

European shares were mixed today. The eurozone’s STOXX 600 rose 0.01%, while Spain’s IBEX 35 Index fell 0.51%, London’s FTSE 100 fell 0.1%, Germany’s DAX declined 0.13%, while France’s CAC 40 rose 0.01%.

**Asia Pacific Markets**

Asian markets closed lower on Monday, with Japan’s Nikkei 225 dipping 0.73%, Hong Kong’s Hang Seng index gaining 0.54%, China’s SSE Composite Index tumbling 1.67% and India’s BSE Sensex falling 1.52%.

**Economics**

The Dallas Fed’s general business activity index for Texas manufacturing fell to 9.8 in September from 11.6 in the previous month.

*Photo via Shutterstock*

### Related Stocks

- [AMC.US](https://longbridge.com/en/quote/AMC.US.md)
- [KNRX.US](https://longbridge.com/en/quote/KNRX.US.md)
- [KOD.US](https://longbridge.com/en/quote/KOD.US.md)
- [MDB.US](https://longbridge.com/en/quote/MDB.US.md)
- [MSGY.US](https://longbridge.com/en/quote/MSGY.US.md)
- [NU.US](https://longbridge.com/en/quote/NU.US.md)
- [MDBX.US](https://longbridge.com/en/quote/MDBX.US.md)
- [NUG.US](https://longbridge.com/en/quote/NUG.US.md)
- [META.US](https://longbridge.com/en/quote/META.US.md)

## Related News & Research

- [MongoDB Stock Drops 17% After CEO Exit—What Investors Should Know](https://longbridge.com/en/news/300432117.md)
- [MongoDB Stock Crashes: DA Davidson Calls CEO Departure "Very Disappointing"](https://longbridge.com/en/news/300418124.md)
- [Stock of the Day: Why did MongoDB Reverse?](https://longbridge.com/en/news/300461555.md)
- [Evolving MongoDB targets managing agents, performance for AI](https://longbridge.com/en/news/300447422.md)
- [MongoDB Stock Pops After $1 Billion Buyback Announcement](https://longbridge.com/en/news/300604299.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**