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Crude Oil Moves Lower; Perion Network Shares Tumble
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining over 50 points on Monday.
The Dow traded up 0.21% to 38,983.94 while the NASDAQ rose 0.39% to 16,311.32. The S&P 500 also rose, gaining, 0.24% to 5,216.95.
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Leading and Lagging Sectors
Consumer discretionary shares jumped by 1% on Monday.
In trading on Monday, energy shares fell by 0.6%.
Top Headline
Perion Network Ltd. (NASDAQ: PERI) slashed its FY24 revenue guidance.
Perion Network said it sees first-quarter revenue of $157 million, versus market estimates of $175.53 million. The company said it now expects FY24 revenue of $590 million to $610 million, versus prior outlook of $860 million to $880 million.
Equities Trading UP
Auddia Inc. (NASDAQ: AUUD) shares shot up 250% to $5.03 after the company announced the USPTO awarded it with U.S. Patent 11,935,520 for the core AI technology the company uses in its flagship faidr app to deliver ad-free AM/FM radio stations ...