Mid-day market update: Gold down 1%, Immix Biopharma shares spike higher

Midway through trading Monday, the Dow traded up 0.18% to 36,402.21 while the NASDAQ rose 0.75% to 15,762.21. The S&P also rose, gaining 0.23% to 4,776.99.

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 56,142,170 cases with around 847,400 deaths. India confirmed a total of at least 34,922,880 cases and 481,890 deaths, while Brazil reported over 22,293,220 COVID-19 cases with 619,170 deaths. In total, there were at least 290,705,240 cases of COVID-19 worldwide with more than 5,461,870 deaths.

Leading and Lagging Sectors

Energy shares climbed 2.4% on Monday. Meanwhile, top gainers in the sector included Amplify Energy Corp. AMPY +9.65% up 10% and American Resources Corporation AREC +8.06% up 8%.

In trading on Monday, real estate shares fell 1.8%.

Top Headline

Tesla, Inc. TSLA +10.37% reported record quarterly and annual deliveries that exceeded the most optimistic Wall Street forecasts.

Tesla's fourth-quarter deliveries came in at 308,600 units, the company said in a statement on Sunday. This represented a roughly 28% quarter-over-quarter increase from the 241,300 cars delivered in the third quarter. On a year-over-year basis, the change was about 71%.

Equities Trading UP

Immix Biopharma, Inc. IMMX +109.83% shares shot up 117% to $7.74. The FDA granted Rare Pediatric Disease (RPD) designation to newly listed Immix Biopharma's IMX-110 for rhabdomyosarcoma, a form of pediatric cancer.

Shares of Creative Medical Technology Holdings, Inc. CELZ +39.82% got a boost, shooting 57% to $3.47. The stock may be seeing increased interested from retail investors.

Pear Therapeutics, Inc. PEAR +25.65% shares were also up, gaining 26% to $7.80. BTIG initiated coverage on Pear Therapeutics with a Buy rating and announced a price target of $12.

Equities Trading DOWN

Applied Therapeutics, Inc. APLT -32.68% shares tumbled 28% to $6.40. Following discussions with the FDA, Applied Therapeutics decided to hold on submitting a marketing application for AT-007 for Galactosemia pending additional talks with the agency.

Shares of uCloudlink Group Inc. UCL -41.58% were down 33% to $4.39 after climbing 32% on Friday.

CNH Industrial N.V. CNHI -15.08% was down, falling 14% to $16.72. CNH Industrial NV and Iveco Group executed the deed of demerger whereby, effective January 1, 2022, the relevant Iveco Group business segments separated from CNH Industrial.
Himax Technologies, Inc. HIMX -16.07% fell 12% to $14.07.

Commodities

In commodity news, oil traded up 0.5% to $75.58, while gold traded down 1.2% to $1,806.20.

Silver traded down 1.5% Monday to $22.995 while copper fell 1.9% to $4.3775.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 rose 0.49%, while Spain’s IBEX 35 Index gained 0.68%. The German DAX gained 1%, French CAC 40 surged 1.08% and Italy’s FTSE MIB Index jumped 1.42%.

The IHS Markit Eurozone manufacturing PMI was confirmed at 58 for December, recording weakest level since February. French manufacturing PMI rose to 55.6 in December from a preliminary reading of 54.9, while German manufacturing PMI fell to 57.4 in December from a preliminary level of 57.9. The IHS Markit Spain manufacturing PMI declined to 56.2 in December versus 57.1 a month ago.

Economics

The IHS Markit manufacturing PMI was revised lower to 57.7 in December from a preliminary reading of 57.8.

US construction spending rose 0.4% for November.