US Stocks Turn Lower; Nasdaq Dips 100 Points - Aclarion (NASDAQ:ACON), CBL International (NASDAQ:BANL)

U.S. stocks turned lower midway through trading, with the Nasdaq Composite dropping around 100 points on Monday. The Dow traded down 0.19% to 33,744.92 while the NASDAQ fell 0.84% to 11,971. The S&P 500, also fell, dropping, 0.32% to 4,120.38.

Check This Out: These 3 Consumer Staples Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts Leading and Lagging Sectors Energy shares rose by 0.8% on Monday. Meanwhile, top gainers in the sector included CBL International Limited (NASDAQ:BANL), up 11%, and Teekay Tankers Ltd. (NYSE:TNK), up 9%.

In trading on Monday, consumer discretionary shares dipped by 0.6%. Top Headline Koninklijke Philips N.V. (NYSE:PHG) shares surged around 14% on Monday after the company reported strong results for its first quarter.

Philips reported a first-quarter comparable sales growth of 6% year-on-year to €4.2 billion, mainly driven by the Diagnosis & Treatment businesses. The adjusted EBITA margin expanded by 240 bps to 8.6%. Equities Trading UP Getty Images Holdings, Inc.

(NYSE:GETY) shares shot up 34% to $6.78 after Trillium Capital issued a proposal to acquire the company for $10 per share. Shares of Aclarion, Inc. (NASDAQ:ACON) got a boost, shooting 175% to $2.03 amid the publication of durability data for the company's back pain treatment.

IN8bio, Inc. (NASDAQ:INAB) shares were also up, gaining 136% to $2.4992 after the company announced new data from the Phase 1 investigator-sponsored trial of INB-100 in leukemia patients. Equities Trading DOWN Genprex, Inc.

(NASDAQ:GNPX) shares dropped 20% to $0.8519. Genprex filed for mixed-securities shelf offering of up to $200 million. Shares of Bed Bath & Beyond Inc.

(NASDAQ:BBBY) were down 22% to $0.2289 after the company said it filed for bankruptcy protection Foghorn Therapeutics Inc. (NASDAQ:FHTX) was down, falling 17% to $5.62 after the company announced it paused enrollment in the FHD-609 study and the FDA placed the study on partial clinical hold due to a grade 4 QTc prolongation event in a synovial sarcoma patient. Also Check This Out: Bitcoin Tumbles Below This Key Level; Injective Becomes Top Loser Commodities In commodity news, oil traded up 1% to $78.66 while gold traded up 0.1% at $1,993.10 Silver traded up 0.5% to $25.175 on Monday while copper fell 0.2% to $3.9710.

Euro zone European shares were mixed today. The eurozone’s STOXX 600 rose 0.11%, London’s FTSE 100 rose 0.1% while Spain’s IBEX 35 Index slipped 0.01%. The German DAX rose 0.06%, French CAC 40 slipped 0.01% and Italy’s FTSE MIB Index fell 0.68%.

The Ifo Business Climate indicator for Germany increased by 0.4 points from a month ago to 93.6 in April. Asia Pacific Markets Asian markets closed mostly lower on Monday, with Japan’s Nikkei 225 gaining 0.10%, Hong Kong’s Hang Seng Index falling 0.58% and China’s Shanghai Composite Index declining 0.78%. India’s S&P BSE Sensex rose 0.5%.

Hong Kong’s unemployment rate fell to 3.1% in the three months ending March 2023, compared to 3.3% in the prior period. Economics The Chicago Fed National Activity Index came in unchanged at -0.19 in March, but down from market expectations of -0.02. Now Read This: Microsoft To Rally Over 13%?

Here Are 10 Other Analyst Forecasts For Monday COVID-19 Update The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 106,578,050 cases with around 1,159,300 deaths. India confirmed a total of at least 44,891,980 cases and 531,320 deaths, while France reported over 39,950,20 COVID-19 cases with 166,280 deaths. In total, there were at least 686,514,230 cases of COVID-19 worldwide with more than 6,859,830 deaths.