US stocks traded mostly flat in mid-trade after the release of economic data.

The Dow was up 0.01% to 33,890.03, while the NASDAQ was down 0.18% to 12,101.34. The S&P 500 was also down 0.11% to 4,133.25.

Look at that: Top 5 healthcare stocks that could fall off a cliff this quarter

Leading and lagging sectors

• Property stocks rose 1.6% on Monday. Meanwhile top winner in the sector included Altisource asset management company AAMCby 7% and Ashford Hospitality Trust, Inc. AHTplus 7%.
• Communications services fell 1.7% in Monday’s trading.

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Charles Schwab Corp BLACK released better-than-expected first-quarter results on Monday.

The company reported net sales of $5.11 billion for the first quarter, up 10% from the consensus of $5.15 billion. Adjusted earnings per share were $0.93, up 21% y/y, beating the consensus of $0.90.

In light of the recent events in the US banking sector and the resulting regulatory uncertainty, Charles Schwab has suspended its buyback program.

Stock trading UP

• Blackbox Stocks Inc. BLBX Shares soared 164% to $6.99 after the company announced it had entered into a letter of intent to merge with Evtec.
• shares of Prometheus Biosciences, Inc. RXDX got a boost, rising 69% to $193.00 after Merck announced it would acquire the company for $200 a share in cash.
• Satsuma Pharmaceuticals, Inc. STSA Shares were also higher, gaining 77% to $1.17 after the company announced it had signed a definitive agreement to be acquired by Shin Nippon Biomedical Laboratories for $0.91 per share in cash.

Stocks are trading down

• Laser Photonics Corporation LASER Shares fell 15% to $3.49 after the company posted a fourth-quarter loss.
• shares of Marpai, Inc. MRAI fell 43% to $1.07 after the company conducted an underwritten public offering of 7,400,000 shares at $1.00 per share.
• Roblox Corporation RBLX was down, falling 13% to $39.68 after the company reported key metrics for March.

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