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Dow Surges Over 100 Points; Domino's Pizza Posts Upbeat Earnings
U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 100 points on Monday.
Following the market opening Monday, the Dow traded up 0.36% to 38,375.82 while the NASDAQ rose 0.57% to 16,018.15. The S&P 500 also rose, gaining, 0.45% to 5,123.12.
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Leading and Lagging SectorsConsumer discretionary shares rose by 1.7% on Monday.
In trading on Monday, communication services shares fell by 0.9%.
Top Headline
Domino's Pizza Inc (NYSE:DPZ) reported better-than-expected first-quarter earnings.
Domino's Pizza reported first-quarter FY24 sales growth of 6% year-on-year to $1.085 billion, beating the analyst consensus estimate of $1.079 billion. EPS of $3.58 beat the analyst consensus estimate of $3.42.
Global retail sales increased 7.3%, excluding the impact of foreign currency. Same-store sales in the U.S. grew 5.6%, while International same-store sales (excluding foreign currency impact) increased 0.9%.
Equities Trading UP
Deciphera Pharmaceuticals, Inc. (NASDAQ:DCPH) shares shot up 72% to $25.26 after the company announced it will be acquired by ONO Pharmaceutical for $25.60 per share in cash.
Shares of Collective Audience, Inc. (NASDAQ:CAUD) got a boost, surging 75% ...