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US Stocks Open Lower; Dow Tumbles Over 150 Points - AstraZeneca (NASDAQ:AZN), CNFinance Hldgs (NYSE:CNF)

U.S. stocks traded lower this morning, with the Dow Jones falling more than 150 points on Monday.

Following the market opening Monday, the Dow traded down 0.38% to 42,192.55 while the NASDAQ fell 0.29% to 18,085.96. The S&P 500 also fell, dropping, 0.32% to 5,732.58.

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Leading and Lagging Sectors

Top Headline

AstraZeneca plc AZN entered into an exclusive license agreement with Hong Kong-based CSPC Pharmaceutical Group Ltd to advance the development of an early-stage, novel small-molecule lipoprotein (a) (Lp(a)) disruptor that has the potential to offer additional benefits for patients with dyslipidemia.

Equities Trading UP

Equities Trading DOWN

were down 31% to $1.3601. Laser Photonics Corporation LASE was down, falling 29% to $5.01.

Commodities

In commodity news, oil traded up 1.4% to $75.40 while gold traded down 0.3% at $2,660.70.

Silver traded down 1.9% to $31.77 on Monday, while copper fell 0.7% to $4.5425.

Euro zone

Retail sales in the Eurozone rose 0.2% month-over-month in August compared to a revised flat reading in the previous month. The Halifax House Price Index in the UK rose 4.7% year-over-year in September compared to a 4.3% gain in August. Factory orders in Germany declined by 5.8% month-over-month in August.

Asia Pacific Markets

Asian markets closed mixed on Monday, with Japan's Nikkei 225 gaining 1.80%, Hong Kong's Hang Seng Index gaining 1.60% and India's BSE Sensex dipping 0.78%.

Foreign exchange reserves in Singapore fell to SGD 499.7 billion in September compared to SGD 501.3 billion a month ago. The index of leading economic indicators in Japan fell to 106.7 in August versus a final reading of 109.3 in the prior month, while index of coincident economic indicators declined to 113.5 in August compared to a final reading of 117.2 month ago.

Economics

Data on consumer credit for August will be released today.

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