S&P 500 top movers: Regeneron Pharmaceuticals Inc (REGN) jumps to monthly highs above $600

S&P 500 Index remains on track to register strong daily gains.
Regeneron Pharmaceuticals Inc (REGN: NASDAQ) shares are up more than 6%.
Major cruise liner stocks are posting heavy losses.

Eren Sengezer FXStreet

The S&P 500 Index (SPX) started the new week sharply higher on positive developments surrounding US President Donald Trump's condition and preserved its bullish momentum. As of writing, the SPX was up 1.22% on the day at 3,390.

S&P 500 top movers

Late on Friday, Trump's doctor told reporters that the president was given an intravenous dose of Regeneron Pharmaceuticals Inc's (REGN: NASDAQ) experimental "antibody cocktail." Boosted by this development, REGN jumped to its highest level in five weeks at $619.97 after the opening bell but struggled to push higher. Nevertheless, REGN is still the largest daily percentage gainer, rising 6.2% near $600.

Among the other top performers of the day, Albemarle Corp (ALB: NYSE), United Rentals Inc (URI: NYSE) and Comerica Inc (CMA: NYSE) shares are all up around 6%.

On the other hand, major cruise liners shares are suffering heavy losses despite the upbeat market mood. Last week, the US Centers for Disease Control and Prevention (CDC) announced that it extended its ban on passenger cruises until at least November. At the moment, Norwegian Cruise Line Holdings Ltd (NCLH: NYSE) and Carnival Corp (CCL: NYSE) shares are down 3.2% and 2.3% respectively.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

EUR/USD appears supported by the 200-day SMA, for now

Following an early pullback to multi-week lows near 1.1670, EUR/USD now manages to reclaim the 1.1700 region as the NA session draws to a close on Monday. The steep retracement in spot follows the equally strong move higher in the US Dollar, as investors continue to assess the geopolitical landscape in the wake of the US and Israel attacks on Iran.

GBP/USD hits new yearly lows near 1.3300

GBP/USD adds to the recent bearish tone, approaching to the key 1.3300 support to reach fresh YTD troughs against the backdrop of the robust performance of the US Dollar. Indeed, Cable’s decline comes amid the firm demand for the safe-haven space in the wake of the US and Israel attacks to Iran.

Gold eases some ground, approaches $5,300

Gold now surrenders part of the earlier advance, reshifting its attenton to the $5,300 zone per troy ounce at the beginning of the week. Indeed, the yellow metal’s firm performance appears propped up by incresing geopolitical jitters in the Middle East, which at the same time fuels the demand for the safe-haven space.