PCTI - Crude Oil Moves Lower; Consolidated Communications Shares Jump | Benzinga
U.S. stocks traded higher toward the end of trading, with the S&P 500 gaining over 1% on Monday.
The Dow traded up 0.93% to 33,983.22 while the NASDAQ rose 1.31% to 13,582.67. The S&P 500 also rose, gaining, 1.11% to 4,375.72.
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Leading and Lagging Sectors
Consumer discretionary shares climbed by 1.4% on Friday.
In trading on Friday, energy shares rose by just 0.6%.
Top Headline
The Charles Schwab Corporation (NYSE: SCHW) reported better-than-expected earnings for the third quarter.
The company posted quarterly net revenue decline of 16% year-over-year to $4.61 billion, missing the consensus of $4.63 billion. Adjusted EPS stood at $0.77, down 30% Y/Y, exceeding the consensus of $0.75.
Equities Trading UP
Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) shares shot up 16% to $4.10 after the company announced an agreement to be acquired by Searchlight Capital Partners and British Columbia Investment Management.
Shares of PCTEL, Inc. (NASDAQ: PCTI) got a boost, shooting 47% to $6.86. On Friday, ...