ZION - S&P 500 Rises Over 1%; Zions Bancorp Shares Gain After Q1 Earnings | Benzinga
U.S. stocks traded higher toward the end of trading, with the S&P 500 gaining more than 1% on Monday.
The Dow traded up 1.02% to 38,373.22 while the NASDAQ rose 1.45% to 15,503.89. The S&P 500 also rose, gaining, 1.22% to 5,027.92.
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Leading and Lagging Sectors
Financial shares climbed by 1.3% on Monday.
In trading on Monday, materials shares rose by just 0.2%.
Top Headline
Shares of Zions Bancorporation, N.A. (NASDAQ:ZION) gained around 4% on Monday after the company reported upbeat earnings for its first quarter.
The company posted a first-quarter FY24 revenue decline of 11.6% year-on-year to $742 million, missing the analyst consensus estimate of $743.481 million. Adjusted EPS of $1.03 beat the analyst consensus estimate of 98 cents.
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