US stocks settled slightly higher on Monday, after Wall Street's major benchmarks recorded the biggest percentage declines of the year during the last week.
On the economic data front, durable goods orders in the US dropped 4.5% month-over-month in January, the most since April 2020. Pending home sales in the US jumped 8.1% month-over-month in January.
Gainers
Lucira Health, Inc. (NASDAQ: LHDX) jumped 354% to $0.6369 after the company announced FDA authorization for its at-home combination COVID-19 & flu test.
US stocks are coming off a lackluster week and early indications suggest a reversal in sentiment in the new trading week. While rising bond yields could be a cause of concern, the recent weakness could trigger bargain-hunting-related buying.