U.S. stocks traded higher midway through trading, with the Dow Jones gaining around 100 points on Monday.
The Dow traded up 0.24% to 38,078.26 while the NASDAQ rose 0.25% to 15,320.07. The S&P 500 also rose, gaining, 0.29% to 4,981.79.
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Leading and Lagging Sectors
- Industrials shares climbed by 0.6% on Monday.
- In trading on Monday, communication services shares fell by 0.4%.
Top Headline
Albertsons Companies Inc (NYSE:ACI) reported upbeat earnings for its fourth quarter.
The company posted fourth-quarter FY23 sales growth of 0.4% year-on-year to $18.34 billion, missing the analyst consensus estimate of $18.47 billion. Adjusted EPS of 54 cents beat the analyst consensus estimate of 52 cents.
Albertsons and Kroger Co (NYSE:KR) have amended their definitive agreement with C&S Wholesale Grocers, LLC (C&S) for the sale of assets regarding the merger announced on October 14, 2022..
Equities Trading UP
- Moolec Science SA (NASDAQ:MLEC) shares shot ...