U.S. markets opened Monday with solid gains, particularly in technology, as the Nasdaq Composite climbed more than 350 points to lead the major indices higher.

The Dow Jones Industrial Average edged up 0.16% to 46,318.84 in morning trading, while the Nasdaq jumped 1.60% to 22,629.51. The S&P 500 split the difference, rising 0.83% to 6,658.09.

Sector Movements

Communication services stocks powered the market higher, jumping 2.7% to lead all sectors on Monday. On the flip side, energy shares dragged, falling 0.9% as the session's worst performer.

Earnings Spotlight

CureVac N.V. (CVAC) delivered a blowout third-quarter report, posting earnings of $1.41 per share versus analyst expectations for a loss of 17 cents per share. The company also crushed revenue estimates, reporting quarterly sales of $63.295 million against the $14.520 million consensus.

Big Movers to the Upside

Enlivex Therapeutics Ltd. (ENLV) stole the show, rocketing 79% to $1.61 after announcing a $212 million private placement aimed at launching a prediction-market digital assets treasury strategy through Rain token accumulation. That's quite the strategic pivot.

Inspire Veterinary Partners, Inc. (IVP) shares surged 51% to $0.1836, while Inno Holdings Inc. (INHD) climbed 44% to $1.04 following news of a strategic partnership with Megabyte Solutions on Web3 technology applications for its B2B marketplace platform.

Notable Decliners

Clearside Biomedical, Inc. (CLSD) suffered the session's worst beating, plummeting 67% to $0.8799 after filing a voluntary bankruptcy petition. When a company files for Chapter 11, shareholders typically don't fare well.

Twin Hospitality Group Inc. (TWNP) dropped 28% to $2.5700 after receiving a notice of acceleration for notes from UMB. Meanwhile, ProMIS Neurosciences, Inc. (PMN) fell 25% to $0.3157 following its announcement of a 1-for-25 reverse stock split.

Commodities and Global Markets

In commodity markets, oil inched up 0.1% to $58.07 per barrel, while gold slipped 0.1% to $4,078.40. Silver traded down 0.1% to $49.875, and copper fell 0.4% to $4.9935.

European markets closed mostly higher, with the STOXX 600 adding 0.2%. Spain's IBEX 35 gained 0.8%, while London's FTSE 100 rose 0.3%. Germany's DAX 40 climbed 0.7%, and France's CAC 40 edged up 0.2%.

Asian markets finished Monday's session mixed. Hong Kong's Hang Seng led the region with a 1.97% gain, China's Shanghai Composite barely budged with a 0.05% increase, and India's BSE Sensex declined 0.39%.

Economic Calendar

On the economic front, investors are awaiting the Dallas Fed Manufacturing Index, scheduled for release Monday.