VYNE - Nasdaq Gains Over 1%; McDonald's Reports Upbeat Earnings | Benzinga
U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 250 points on Monday.
Following the market opening Monday, the Dow traded up 0.85% to 32,695.89 while the NASDAQ rose 1.20% to 12,794.11. The S&P 500 also rose, gaining, 0.95% to 4,156.53.
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Leading and Lagging Sectors
Communication services shares jumped by 1.9% on Monday.
In trading on Monday, health care shares rose by just 0.4%.
Top Headline
McDonald's Corp (NYSE: MCD) reported better-than-expected earnings for its third quarter.
McDonald's reported third-quarter FY23 sales growth of 14% year-on-year to $6.692 billion, beating the analyst consensus estimate of $6.577 billion. Adjusted EPS of $3.19 beat the consensus estimate of $3.00.
McDonald's sees FY23 operating margin of 46%; Capital expenditure of $2.2 billion - $2.4 billion.
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