PHG - Dow Surges Over 100 Points; Domino's Pizza Posts Upbeat Earnings | Benzinga
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 Sectors
Consumer 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