VIRI - US Stocks Mixed; Li Auto Shares Plummet After Q1 Results | Benzinga
U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining around 0.5% on Monday.
Following the market opening Monday, the Dow traded down 0.19% to 39,925.91 while the NASDAQ rose 0.50% to 16,769.45. The S&P 500 also rose, gaining, 0.19% to 5,313.25.
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Leading and Lagging Sectors
Information technology shares rose by 0.9% on Monday.
In trading on Monday, real estate shares fell by 0.6%.
Top Headline
Shares of Li Auto Inc (NASDAQ:LI) dipped more than 14% on Monday after the company reported fiscal first-quarter 2024 results.
The company posted revenue growth of 36.4% year-on-year to $3.55 billion, missing the analyst consensus estimate of $3.84 billion. Adjusted net earnings per ADS was 17 cents missed the analyst consensus estimate of 35 cents.
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