SATS - Dow Turns Lower; EchoStar Shares Plunge | Benzinga
U.S. stocks turned lower toward the end of trading, with the Dow Jones falling around 50 points on Monday
The Dow traded down 0.16% to 34,007.81 while the NASDAQ fell 0.08% to 13,467.42. The S&P 500 also fell, dropping, 0.13% to 4,352.49.
Check This Out: Top 5 Health Care Stocks That May Fall Off A Cliff This Month
Leading and Lagging Sectors
Health care shares jumped by 0.7% on Monday.
In trading on Monday, real estate shares fell by 1.7%.
Top Headline
Kosmos Energy Ltd (NYSE: KOS) reported better-than-expected earnings for its third quarter on Monday.
Kosmos Energy reported third-quarter (Q3) 2023 revenue of $526.5 million, beating the consensus of $457.4 million. Adjusted EPS of 26 cents, surpassing the consensus of $0.21.
For FY23, the company now expects capital expenditure of ~$800 million (vs. $700 million - $750 million earlier) and production of ~63,000 boe per day (vs. 65,000 - 69,000 boe per day prior).
Equities Trading UP
Carbon Revolution Public Limited (NASDAQ: CREV) shares shot up 204% to ...