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U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 150 points on Monday.

The Dow traded up 0.41% to 43,039.53 while the NASDAQ rose 0.81% to 18,490.66. The S&P 500 also rose, gaining, 0.69% to 5,855.38.

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Boeing BA revealed plans to cut its workforce by about 10%, reportedly equating to approximately 17,000 jobs.

The layoffs will unfold over the next few months, affecting executives, managers, and other employees. Kelly Ortberg, Boeing's president and CEO, communicated this decision to staff via email. According to a Reuters report, these layoffs will impact nearly 17,000 jobs.

Equities Trading UP

Equities Trading DOWN

were down 70% to $0.0776. Vicinity Motor Corp. VEV was down, falling 32% to $0.0800. Vicinity Motor failed to renegotiate terms with creditors and concluded workout plan without restructuring.

Commodities

In commodity news, oil traded down 2.4% to $73.78 while gold traded down 0.5% at $2,663.60.

Silver traded down 1.4% to $31.325 on Monday, while copper fell 2.1% to $4.4005.

Euro zone

Asia Pacific Markets

Asian markets closed mostly higher on Monday, with Hong Kong's Hang Seng Index falling 0.75%, China's Shanghai Composite Index gaining 2.07% and India's BSE Sensex gaining 0.73%.

Economics

No major economic reports are scheduled for release today.

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