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Dow Edges Lower; Verizon Shares Fall After Q2 Results
U.S. stocks traded mostly higher midway through trading, with the Nasdaq Composite gaining more than 100 points on Monday.
The Dow traded down 0.03% to 40,276.45 while the NASDAQ rose 0.81% to 17,870.43. The S&P 500 also rose, gaining, 0.51% to 5,533.14.
Check This Out: Top 4 Real Estate Stocks That May Fall Off A Cliff This Quarter
Leading and Lagging SectorsInformation technology shares jumped by 0.9% on Monday.
In trading on Monday, energy shares fell by 0.5%.
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Verizon Communications Inc (NYSE:VZ) shares fell around 6% on Monday after it reported fiscal second-quarter results.
Its sales increased 0.6% year over year to $32.8 billion, marginally missing the analyst consensus estimate of $33.1 billion. Adjusted EPS of $1.15 was in line with the analyst consensus estimate.
Equities Trading UP
MIRA Pharmaceuticals, Inc. (NASDAQ:MIRA) shares shot up 391% to $3.38 after the company announced new preclinical study results for its novel oral ketamine analog, Ketamir-2.
Shares of ...