PEGY - Crude Oil Moves Higher; Caterpillar Posts Upbeat Earnings | Benzinga
U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling around 200 points on Monday.
The Dow traded down 0.53% to 38,450.28 while the NASDAQ fell 0.11% to 15,612.52. The S&P 500 also fell, dropping, 0.16% to 4,950.80.
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Leading and Lagging Sectors
Information technology shares rose by 0.6% on Monday.
In trading on Monday, materials shares fell by 2.4%.
Top Headline
Caterpillar Inc (NYSE: CAT) posted better-than-expected earnings for its fourth quarter on Monday.
Caterpillar reported a fourth-quarter fiscal 2023 revenue increase of 3% year-over-year to $17.07 billion, versus the consensus of $17.11 billion. CAT’s adjusted earnings of $5.23 per share, compared to $3.86 a year ago, topped the consensus of $4.75.
Equities Trading UP
Everbridge, Inc. (NASDAQ: EVBG) shares shot up 19% to $28.19 after the company announced it will be acquired by Thoma Bravo for $1.5 billion.
Shares of 4D Molecular Therapeutics, Inc. (NASDAQ: FDMT) got a boost, surging 74% to $30.42 after the company announced interim data from the Phase 2 PRISM clinical trial evaluating intravitreal 4D-150 in wet AMD patients with severe disease activity and a high treatment burden.
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