Nasdaq Dips 150 Points; Gold Down 2% - Five9 (NASDAQ:FIVN)

U.S. stocks pared gains midway through trading, with the Dow Jones dropping more than 100 points on Monday. The Dow traded down 0.50% to 29,151.57 while the NASDAQ fell 1.42% to 10,501.08. The S&P 500 also rose, gaining, 0.95% to 3,604.93.

Also check this: Market Volatility Increases Following Release Of US Jobs Report Leading and Lagging Sectors Utilities shares rose by 0.3% on Monday. Leading the sector was strength from Genie Energy Ltd. (NYSE:GNE) and Middlesex Water Company (NASDAQ:MSEX).

In trading on Monday, information technology shares dipped by 2.1%. Top Headline The FDA has approved scPharmaceuticals Inc's (NASDAQ:SCPH) Furoscix (furosemide injection), a proprietary formulation of furosemide delivered via an On-Body Infusor for congestion due to fluid overload in heart failure patients. Equities Trading UP Exela Technologies, Inc.

(NASDAQ:XELA) shares shot up 18% to $0.44 after the company announced its European business will go public through a merger with CF Acquisition Corp. VIII. Shares of Immunic, Inc.

(NASDAQ:IMUX) got a boost, shooting 43% to $5.68 after the company announced $60 million oversubscribed private placement equity financing. Applied DNA Sciences, Inc. (NASDAQ:APDN) shares were also up, gaining 69% to $2.0967 after the company announced it has received its largest single purchase order for LinearDNA™ valued above the mid-six-figures.

Equities Trading DOWN Siyata Mobile Inc. (NASDAQ:SYTA) shares tumbled 55% to $0.1359. Siyata Mobile agreed to sell 15.8 million shares and 1.59 million pre-funded warrants to certain institutional investors in a private placement.

Shares of scPharmaceuticals Inc. (NASDAQ:SCPH) were down 22% to $3.8999. The FDA has approved scPharmaceuticals’ Furoscix (furosemide injection), a proprietary formulation of furosemide delivered via an On-Body Infusor for congestion due to fluid overload in heart failure patients.

Concurrently, scPharmaceuticals secured a $100 million secured debt facility from Oaktree Capital Management, L.P. Five9, Inc. (NASDAQ:FIVN) was down, falling 22% to $59.87 after the company's CEO resigned and accepted a position at a pre-IPO company.

Also check out: Why NVIDIA, Microsoft And Amazon Shares Traded Lower; Here Are 73 Biggest Movers From Friday Commodities In commodity news, oil traded down 0.1% to $92.55, while gold traded down 2% at $1,674.50. Silver traded down 3% to $19.64 on Monday while copper rose 1.7% to $3.4465. Euro zone European shares were mostly lower today.

The eurozone’s STOXX 600 fell 0.4%, London’s FTSE 100 fell 0.45% while Spain’s IBEX 35 Index fell 0.31%. The German DAX slipped 0.01%, French CAC 40 fell 0.45% and Italy’s FTSE MIB Index rose 0.05%. Economics There were no major US economic releases Monday Check out this: Ethereum Remains Above $1,300, Here Are Other Crypto Movers That Should Be On Your Radar Today COVID-19 Update The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 98,555,070 cases with around 1,087,880 deaths.

India confirmed a total of at least 44,614,430 cases and 528,810 deaths, while France reported over 35,866,250 COVID-19 cases with 155,420 deaths. In total, there were at least 626,737,670 cases of COVID-19 worldwide with more than 6,561,270 deaths.