Dow Jumps 100 Points; PDD Posts Weak Revenue

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.

Check This Out: Top 3 Financials Stocks That Could Blast Off This Quarter

Leading and Lagging SectorsEnergy shares climbed by 1.4% on Monday.

In trading on Monday, consumer discretionary shares fell by 0.1%.

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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.

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Dow Jumps 100 Points; PDD Posts Weak Revenue

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