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US stocks traded higher on Monday, with the Nasdaq Composite gaining 500 points. The Dow rose 0.65% to 46,546.82, while the S&P 500 gained 1.40% to 6,696.44. Communication services shares jumped 3.1%, while consumer staples stocks fell 1.1%. Enlivex Therapeutics shares surged 48% after the company announced a $212 million private placement. Waldencast shares plunged 12% after announcing Q2 results.

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