U.S. stocks settled lower on Monday, with the Nasdaq index recording its lowest finish since July 2020.
The Philadelphia SE Semiconductor index fell around 3.5% on Monday after the US placed restrictions on exports of certain high-end chips to China.
Gainers
Applied DNA Sciences, Inc. (NASDAQ: APDN) shares climbed 71% to close at $2.12 on Monday after the company announced it has received its largest single purchase order for LinearDNA™ valued above the mid-six-figures.
Supernus Pharmaceuticals Inc (NASDAQ:SUPN) received FDA’s complete response letter (CRL) for the SPN-830 marketing application. SPN-830 is an investigational apomorphine infusion…
Shares in Chinese tech giants Alibaba Group Holding Limited (NYSE:BABA) and Tencent Holding Ltd (OTC:TCEHY), along with the chipmakers, slumped as the…
SVB Leerink raised the price target on Satsuma Pharmaceuticals, Inc. (NASDAQ: STSA) from $5 to $15. SVB Leerink analyst Marc Goodman upgraded the stock from Market Perform to Outperform. Satsuma Pharmaceuticals shares fell 3.8% to close at $5.36 on Friday.
Cantor Fitzgerald raised Tilray Brands, Inc. (NASDAQ: TLRY) price target from $4.15 to $4.5. Cantor Fitzgerald analyst Pablo Zuanic maintained a Neutral rating on the stock. Tilray Brands shares fell 2.5% to $3.09 in pre-market trading.
The major U.S. index futures are pointing to a modestly lower open on Monday, as traders digest the potential escalation of the Russia-Ukraine War and look ahead to the unfolding earnings season.