Eloxx Pharma Continues Rally

Eloxx Pharmaceuticals, Inc. (ELOX) shares are spiking more than 31 percent Monday morning, continuing an uptrend since April 3. There have been no corporate announcements today to influence the stock movement.

Currently, shares are at $7.32, up 29.79 percent from the previous close of $5.64 on a volume of 1,191,697.

Fight victim dies, Denver police homicide investigators trying to find a suspect

The victim of a fight northeast of downtown Denver has died, and police announced Monday they are investigating the incident as a homicide.

Denver police investigators looking into the fight that happened before dawn Sunday in the 1100 block of 32nd Street were trying to find a suspect, according to a department tweet. They asked that anybody with information call an anonymous tipline at 720-913-7867.

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Gold Slumps Amid Increase In The Value Of The U.S. Dollar

The price of gold showed a notable move to the downside on Monday as trading resumed following the long Easter weekend.

Gold for June delivery slumped $22.60 to $2,003.80 an ounce, closing lower for the third consecutive session.

The steep drop by the price of the precious metal came amid an increase in the value of the U.S. dollar, with the U.S. dollar index climbing by 0.5 percent.

The dollar has moved higher as the Labor Department’s closely watched monthly jobs report report showed employment in the U.S. increased roughly in line with economist estimates in the month of March.

The report said non-farm payroll employment climbed by 236,000 jobs in March after jumping by an upwardly revised 326,000 jobs in February.

Economists had expected employment to rise by about 240,000 jobs compared to the addition of 311,000 jobs originally reported for the previous month.

Meanwhile, the Labor Department said the unemployment rate edged down to 3.5 percent in March from 3.6 percent in February. The unemployment rate was expected to be unchanged.

On the heels of the report, CME Group’s FedWatch Tool is currently indicating a 69.7 percent chance the Federal Reserve will raise interest rates by a quarter point next month.

Traders were also looking ahead to key inflation data later in the week along with reports on retail sales and industrial production as well as the minutes of the latest Federal Reserve meeting.

Crude Oil Shows Notable Move To The Downside

After showing little change over the course of the two previous sessions, the price of crude oil showed a notable move to the downside during trading on Monday.

Crude for May delivery tumbled $0.96 to $79.74 a barrel after inching up $0.09 to $80.70 a barrel in the previous session.

“Crude prices are drifting lower as most energy traders are still on the sidelines until we get a clearer picture on the global growth outlook,” said Edward Moya, senior market analyst at OANDA.

The decrease by the price of crude oil came as concerns about the global economic outlook overshadowed worries about supplies.

“This week, we will find if the US economy is taking the steps into the recession pool or if it is going to do a cannonball into it,” Moya said.

He added, “Wall Street should have a strong handle on the trajectory of the economy after it gets a pivotal inflation report, the latest retail sales numbers, and bank earnings along with their respective outlooks for the American consumer.”

Denver police shoot suspect at Clement Park near Littleton

Denver police officers on Monday shot a suspect in a Jefferson County park, authorities announced on Twitter.

The shooting took place at Robert F. Clement Park, in the 7300 block of West Bowles Ave., which is down the street from Columbine High School, police said. The incident did not involve any schools, the Jefferson County Sheriff’s Office said on Twitter.

The suspect is being treated on scene and no officers were injured, authorities said.

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Treasuries Finish Lackluster Session Roughly Flat

After coming under pressure during an abbreviated holiday session last Friday, treasuries showed a lack of direction during trading on Monday.

Bond prices spent much of the session lingering near the unchanged line. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, crept up by less than a basis point to 3.415 percent.

The choppy trading on the day came after treasuries fell sharply in the previous session following the release of the Labor Department’s closely watched monthly jobs report.

The report said non-farm payroll employment climbed by 236,000 jobs in March after jumping by an upwardly revised 326,000 jobs in February.

Economists had expected employment to rise by about 240,000 jobs compared to the addition of 311,000 jobs originally reported for the previous month.

Meanwhile, the Labor Department said the unemployment rate edged down to 3.5 percent in March from 3.6 percent in February. The unemployment rate was expected to be unchanged.

On the heels of the report, CME Group’s FedWatch Tool is currently indicating a 71.7 percent chance the Federal Reserve will raise interest rates by a quarter point next month.

Traders were also looking ahead to key inflation data later in the week along with reports on retail sales and industrial production as well as the minutes of the latest Federal Reserve meeting.

A lack of major U.S. economic data may lead to choppy trading on Tuesday, as traders look ahead to the release of key data later in the week.

Electrolux Seeks New Buyer To Sell Its Site In Memphis

Electrolux AB (ELUXY.PK), a Swedish home appliance maker, said on Tuesday that it will seek an alternative buyer to sell its manufacturing facility in Memphis, USA after the intended buyer failed to proceed with the deal to complete the acquisition.

“As earlier communicated, completion of the divestment of the facility was contingent on various factors. The intended buyer has defaulted on its obligations and the agreement is therefore terminated,” Electrolux said in a statement.

Last year, an undisclosed buyer had agreed to acquire the Memphis facility including certain equipment, for $82.5 million or around SEK 930 million in cash.