Dow Gains 150 Points; Red Cat Holdings Shares Spike Higher

Towards the end of Monday’s trade, the Dow rose 0.43% to 34,949.08 while the NASDAQ fell 0.35% to 14,995.27. The S&P also fell, falling 0.05% to 4,453.40.

The US has the highest number of coronavirus cases and deaths in the world, reporting a total of 42,932,210 cases with around 688,040 deaths. India confirmed a total of at least 33,678,780 cases and 447,190 deaths, while Brazil reported over 21,351,970 COVID-19 cases with 594,440 deaths. In total, there have been at least 231,898,110 cases of COVID-19 with more than 4,749,570 deaths worldwide, according to Johns Hopkins University.

Leading and trailing sectors

Energy stocks rose 3.3% on Monday. Now top winners in the sector included Camber Energy, Inc. (NYSE: CEI), up 22% and Southwestern energy company (NYSE: SWN) up 18%.

In Monday’s trading session, healthcare stocks fell 1.4%.

Top headline

US durable goods orders rose 1.8% in August, after seeing revised growth of 0.5% in July. Analysts meanwhile expected an increase of 0.7%.

Stock trading UP

Red Cat Holdings, Inc. (NASDAQ: RCAT) shares soared 52% to $ 3.6480 after the company announced that its subsidiary Skypersonic, Inc.

Shares in Cellect Biotechnologie GmbH (NASDAQ: APOP) rose 18% to $ 22.38 after the company announced shareholder approval for its strategic merger with Quoin Pharmaceuticals.

Seelos Therapeutics, Inc. (NASDAQ: SEEL) stocks also gained, rising 16% to $ 2.43. Roth Capital has upgraded Seelos Therapeutics from Neutral to Buy and raised its price target from USD 2.5 to USD 8.

Check out these great movers and shakers of the day

Stock trading DOWN

ASLAN Pharmaceuticals Limited (NASDAQ: ASLN) shares fell 35% to $ 2.11 after the company announced topline data from its Phase 1 study of ASLAN004 for moderate to severe atopic dermatitis (AD).

Shares in MEDIROM Healthcare Technologies Inc. (NASDAQ: MRM) fell 11% to $ 10.10 after falling 11% on Friday. MEDIROM Healthcare Technologies recently announced that it will purchase ZACC Kabushiki Kaisha for $ 3.362 million.

The story goes on

ReWalk Robotics Ltd. (NASDAQ: RWLK) declined 14% to $ 1.7250 as the company announced an offer of 16 million shares at $ 2.035 per share.

raw materials

On the commodity news, oil rose 1.9% to $ 75.40 while gold rose 0.1% to $ 1,752.10.

Silver rose 1.2% to $ 22.69 on Monday while copper fell 0.1% to $ 4.2815.


European stocks tended to close higher today. The Eurozone’s STOXX 600 lost 0.19%, the Spanish Ibex index rose 1.46% and the German DAX 30 gained 0.27%. The London FTSE 100 rose 0.17%, the French CAC 40 rose 0.19% and the Italian FTSE MIB rose 0.63%.

Lending to households in the euro area rose 4.2% in August and was unchanged from the previous month’s growth. Producer prices in Spain rose 18% yoy in August, after rising 15.6% in the previous month.


US durable goods orders rose 1.8% in August, after seeing revised growth of 0.5% in July. Analysts meanwhile expected an increase of 0.7%.

View the full economic calendar here

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