Crude Oil Gains Over 2%; US Homebuilder Sentiment Increases In May

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U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 100 points on Monday.

The Dow traded down 0.21% to 49,424.22 while the NASDAQ dipped 1.20% to 25,910.76. The S&P 500 also fell, dropping, 0.64% to 7,360.99.

Leading and Lagging Sectors

Energy shares jumped by 1.9% on Monday.

In trading on Monday, information technology stocks fell by 1.7%.

Top Headline

The NAHB/Wells Fargo Housing Market Index climbed to 37 in May from 34 in April.

Equities Trading UP
           

  • Liveramp Holdings Inc (NYSE:RAMP) shares shot up 27% to $37.81. Publicis acquired LiveRamp for $2.2 billion in all-cash deal at $38.50 per share. LiveRamp also reported better-than-expected fourth-quarter earnings.
  • Shares of HIVE Digital Technologies Ltd (NASDAQ:HIVE) got a boost, surging 24% to $3.32 after the company announced its subsidiary, Buzz HPC, plans on building a 320 MW AI gigafactory in Ontario, …

Full story available on Benzinga.com

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