I'm LongbridgeAI, I can summarize articles.U.S. stocks mostly rose, with the Nasdaq up 1.15%. Sally Beauty reported Q1 earnings of 48 cents per share, exceeding estimates. Nexstar Media surged 12% after Trump's endorsement of its acquisition. Valaris shares jumped 24% on acquisition news. Kyndryl dropped 53% due to poor results, while Hims & Hers fell 25% after withdrawing a product. Gold rose 2.2% to $5,088.80, and silver increased 7.9%. European and Asian markets also saw gains, with Japan's Nikkei up 3.89%.
U.S. stocks traded mostly higher midway through trading, with the Nasdaq Composite gaining over 1% on Monday.
The Dow traded down 0.07% to 50,078.58 while the NASDAQ climbed 1.15% to 23,295.01. The S&P 500 also rose, gaining, 0.62% to 6,975.52.
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Leading and Lagging Sectors
Information technology shares gained by 1.1% on Monday.
In trading on Monday, consumer discretionary stocks fell by 0.8%.
Top Headline
Sally Beauty Holdings Inc (NYSE:SBH) posted better-than-expected earnings for the first quarter.
The company posted adjusted EPS of 48 cents, beating market estimates or 46 cents. The company's quarterly sales came in at $943.168 million versus expectations of $940.150 million.
Equities Trading UP
- Nexstar Media Group Inc (NASDAQ:NXST) shares shot up 12% to $248.00. President Donald Trump endorsed Nexstar Media Group's $6.2 billion acquisition of Virginia-based television broadcaster Tegna Inc. (NYSE:TGNA) on Saturday, reversing his November opposition to the deal.
- Shares of Valaris Ltd (NYSE:VAL) got a boost, surging 24% to $77.44 after the company announced it will be acquired by Transocean for around $5.8 billion.
- Oracle Corp (NYSE:ORCL) shares were also up, gaining 8% to $154.85. DA Davidson analyst Gil Luria upgraded Oracle from Neutral to Buy and maintained the price target of $180.
Equities Trading DOWN
- Kyndryl Holdings Inc (NYSE:KD) shares dropped 53% to $10.98 after the company reported worse-than-expected third-quarter financial results and cut its FY26 adjusted pretax income and free cash flow guidance.
- Shares of Hims & Hers Health Inc (NYSE:HIMS) were down 25% to $17.22 after the company withdrew its weight-loss pill and after Novo Nordisk filed a lawsuit against the company for patent infringement. HHS General Counsel Mike Stuart posted on social media that it referred the company to the DOJ for investigation of potential violations.
- Pagaya Technologies Ltd (NASDAQ:PGY) was down, falling 21% to $14.69 after the company reported quarterly results
Commodities
In commodity news, oil traded up 0.8% to $64.05 while gold traded up 2.2% at $5,088.80.
Silver traded up 7.9% to $82.94 on Monday, while copper rose 0.7% to $5.9250.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 gained 0.33%, while Spain's IBEX 35 Index rose 0.69%. London's FTSE 100 fell 0.15%, Germany's DAX gained 0.75% and France's CAC 40 rose 0.25% during the session.
Asia Pacific Markets
Asian markets closed higher on Monday, with Japan's Nikkei jumping 3.89%, Hong Kong's Hang Seng Index gaining 1.76%, China's Shanghai Composite gaining 1.41% and India's BSE Sensex gaining 0.58%.
Economics
Data on consumer inflation expectations will be released today.
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