MIRO - Crude Oil Falls Over 3%; Miromatrix Medical Shares Spike Higher | Benzinga
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 100 points on Monday.
The Dow traded up 1.14% to 32,788.73 while the NASDAQ rose 0.98% to 12,766.33. The S&P 500 also rose, gaining, 0.86% to 4,152.64.
Check This Out: Top 4 Consumer Stocks That Could Blast Off This Quarter
Leading and Lagging Sectors
Communication services shares jumped by 1.9% on Monday.
In trading on Monday, health care shares rose by just 0.4%.
Top Headline
ON Semiconductor Corporation (NASDAQ: ON) reported upbeat results for the third quarter, but issued weak fourth-quarter guidance.
ON Semiconductor posted adjusted earnings of $1.39 per share, beating market estimates of $1.34 per share. The company’s quarterly sales came in at $2.18 billion versus expectations of $2.15 billion.
For the fourth quarter, ON Semiconductor said it sees revenue of $1.950 billion to $2.050 billion, versus estimates of $2.18 billion. The company expects adjusted EPS of $1.13 to $1.27, compated to estimates of $1.36.
Equities Trading UP
Miromatrix Medical Inc. (NASDAQ: MIRO) shares shot up 224% to ...