U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 150 points on Monday.
The Dow traded up 0.40% to 38,870.91 while the NASDAQ rose 1.16% to 16,158.82. The S&P 500 also rose, gaining, 0.86% to 5,161.08.
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Leading and Lagging Sectors
Communication services shares jumped by 2.9% on Monday.
In trading on Monday, industrials shares rose by just 0.4%.
Top Headline
Shares of Science Applications International Corp (NYSE: SAIC) fell during Monday’s session after reporting fourth-quarter results.
The company reported a 12% revenue decline Y/Y in the fourth quarter of fiscal 2024 to $1.74 billion, beating the consensus of $1.64 billion. Adjusted EPS of $1.43 was in line with the consensus.
Equities Trading UP
Canoo Inc. (NASDAQ: GOEV) shares shot up 56% to $3.0198 after the US Department of Commerce has approved its Oklahoma City facility as a Foreign Trade Zone.
Shares of Wearable Devices Ltd. ...