Dow Tumbles 200 Points; ZIM Integrated Shipping Services Posts Upbeat Earnings

Author: Avi Kapoor | May 19, 2025 08:58am

U.S. stocks traded lower this morning, with the Dow Jones index falling more than 200 points on Monday.

Following the market opening Monday, the Dow traded down 0.48% to 42,450.71 while the NASDAQ fell 0.88% to 19,041.91. The S&P 500 also fell, dropping, 0.79% to 5,911.48.

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Leading and Lagging Sectors

Health care shares slipped by just 0.2% on Monday.

In trading on Monday, energy stocks dipped by 2.2%.

Top Headline

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) reported better-than-expected earnings for the first quarter.

The company posted quarterly earnings of $2.45 per share which beat the analyst consensus estimate of $1.87 per share. The company reported quarterly sales of $2.01 billion which beat the analyst consensus estimate of $1.85 billion.

Equities Trading UP
                       

• DigiAsia Corp. (NASDAQ:FAAS) shares shot up 209% to $0.5739 after the company announced the launch of Bitcoin treasury reserve strategy. The company said it is exploring up to $100 million capital raise to acquire Bitcoin.
• Shares of Protagenic Therapeutics, Inc. (NASDAQ:PTIX) got a boost, surging 164% to $8.00 after the company entered a business combination with Phytanix
• Healthcare Triangle, Inc. (NASDAQ:HCTI) shares were also up, gaining 79% to $0.0141.

Equities Trading DOWN

• Damon Inc. (NASDAQ:DMN) shares dropped 62% to $0.0029.
• Shares of Affimed N.V. (NASDAQ:AFMD) were down 34% to $0.1833 after jumping 228% on Friday.
• Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) was down, falling 35% to $0.1869.

Commodities

In commodity news, oil traded down 0.5% to $62.20 while gold traded up 1.4% at $3,233.10.

Silver traded up 0.3% to $32.465 on Monday, while copper rose 1.1% to $4.6460.

Euro zone

European shares were lower today. The eurozone's STOXX 600 fell 0.4%, while Spain's IBEX 35 Index fell 0.1%. London's FTSE 100 fell 0.5%, Germany's DAX 40 slipped 0.1% and France's CAC 40 slipped 0.7% during the session.

Asia Pacific Markets

Asian markets closed mostly lower on Monday, with Japan's Nikkei falling 0.68%, Hong Kong's Hang Seng Index declining 0.05%, China's Shanghai Composite Index falling 0.004% and India's BSE Sensex declining 0.33%.

Economics

The CB Leading Index will be released today.

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Posted In: AFMD DMN FAAS HCTI PTIX ZAPP ZIM