U.S. stocks traded higher this morning, with the Dow Jones index gaining around 100 points on Monday.
Following the market opening Monday, the Dow traded up 0.25% to 41,278.87 while the NASDAQ rose 0.01% to 17,878.79. The S&P 500 also rose, gaining, 0.19% to 5,645.45.
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Leading and Lagging SectorsEnergy shares climbed by 1.4% on Monday.
In trading on Monday, consumer discretionary shares fell by 0.1%.
Top Headline
PDD Holdings Inc (NASDAQ:PDD) reported weaker-than-expected revenue for its fiscal second quarter.
The company posted revenue growth of 86% year-on-year to $13.36 billion (97.06 billion Chinese yuan), missing the analyst consensus estimate of $14.02 billion. The Chinese online retailer's adjusted earnings per ADS of $3.20 (23.24 Chinese yuan) increased from 10.47 Chinese yuan Y/Y, beating the analyst consensus estimate of $2.73.
Equities Trading UP
