STRM - Nasdaq Gains 1%; Charles Schwab Earnings Top Views | Benzinga
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 100 points on Monday.
The Dow traded up 1.02% to 34,012.79 while the NASDAQ rose 1% to 13,541.79. The S&P 500 also rose, gaining, 1.03% to 4,372.52.
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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 0.5%.
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 $6.87. On Friday, Amphenol ...