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TherapeuticsMD Inc. shares jumped in the extended session Monday after the women’s drug developer said a late-stage clinical trial showed its drug candidate reduced vasomotor symptoms in women going through menopause. TherapeuticsMD shares surged 22% to $7.52 after hours on heavy volume. Vasomotor symptoms include such occurrences as night sweats, hot flashes, and flushes. The company said its drug candidate TX-001HR significantly reduced the number and severity of these symptoms in menopausal and post-menopausal women compared to those treated with a placebo.

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From:: Stock Market News

In the first earnings report after its initial public offering, Coupa Software Inc. handily beat expectations, sending the company’s stock up more than 5%. The cloud-software company, which helps companies manage their spending, reported a net loss of $6.7 million, or 36 cents a share, on revenue of $35.4 million. After adjustments for stock-based compensation and other factors, Coupa claimed a loss of 22 cents a share. Analysts on average expected an adjusted loss of 47 cents a share on sales of $31 million, according to FactSet. Coupa sold IPO shares for $18 apiece in October, and saw those shares more than double in its first day of trading, though those prices have deflated in the intervening months. The stock fell 1% to $26.02 in Monday’s regular trading session, then popped to more than $27 in after-hours action.

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The Commodity Futures Trading Commission on Monday voted unanimously to repropose rules that would put limits on speculative positions in twenty-five physical commodity futures contracts and their “economically equivalent” options and swaps positions. This is the third time the agency has proposed such limits. One previous iteration was overturned by a federal count. The new rules were mandated by the 2010 Dodd-Frank regulatory law. The agency also reproposed a definition of bona fide hedging positions, as well as exemptions to this definition in physical commodities. The proposal will be open for public comment for 60 days.

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U.S. stocks closed higher Monday after strong economic data overshadowed concerns about Italy’s rejection of constitutional reforms. The Dow Jones Industrial Average closed up 45.82 points, or 0.2%, at 19,216.24, a fresh record close, led by more than 2% gains in shares of Nike Inc. and Goldman Sachs Group Inc. , after reaching an intraday record of 19,274.85 earlier in the session. The S&P 500 index advanced 12.76 points, or 0.6%, to finish up at 2,204.71, with the financials and tech sectors the strongest performers. The Nasdaq Composite index rose 53.24 points, or 1%, to close at 5,308.89.

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From:: Stock Market News

Oil futures settled in the green Monday, but pared a firmer rise, as the industry continues to enjoy a bounce inspired by OPEC’s historic agreement to cut production. Crude-oil futures traded in positive territory throughout much of the session after shaking off concerns about Italy’s rejection of a vote on existing rules to its constitution that resulted in the resignation of Italian Prime Minister Matteo Renzi. Some energy strategists, however, expressed doubts over the ability of the Organization of the Petroleum Exporting Countries and other major oil producers to follow through on plans on complying with and enforcing limits on oil output. West Texas Intermediate crude oil ended up 11 cents, or 0.2%, higher at $51.79 a barrel, but the contract had traded as high as $52.42 a barrel early in New York.

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From:: Stock Market News

Gold prices settled lower Monday as Italian voters rejected constitutional reforms as expected and prospects that the Federal Reserve may tighten monetary policy at an accelerated pace rose. Gold for February delivery declined $1.30, or 0.1%, to settle at $1,176.50 an ounce. Meanwhile, silver for March delivery settled up 6.7 cents, or 0.4%, at $16.90 an ounce.

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Amazon.com Inc. shares are up 2.6% in Monday trading, on track to snap a five-session losing streak, after the e-commerce giant announced the new Amazon Go app, coming in early 2017. Amazon shares have lost 5.1% over the past five days. Unveiled via video available on the Amazon Twitter page, details so far are few, but the video shows customers walking into a store, activating the app, and then shopping freely. The clip promises “no lines, no checkout,” saying that technology including AI and machine learning has been “woven into the fabric” of the store so shoppers won’t have to stop at a register to tally their purchase. Amazon gives a Seattle address at the end of the clip where the store seemingly will be located. Amazon stock is up 12.4% for the year so far while the S&P 500 index is up nearly 8% for the same period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News