U.S. stocks traded mixed midway through trading, with the Nasdaq Composite falling more than 50 points on Monday.
The Dow traded up 0.69% to 44,294.18 while the NASDAQ fell 0.36% to 19,217.22. The S&P 500 also fell, dropping, 0.04% to 5,993.15.
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Financials shares surged by 1.5% on Monday.
In trading on Monday, information technology shares fell by 1.4%.
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Shares of Monday.com Ltd MNDY fell around 16% on Monday after the company reported results for its third quarter.
The company reported fiscal third-quarter 2024 revenue growth of 33% Y/Y to $251.0 million, beating the analyst consensus estimate of $246.1 million. The project management software company’s adjusted EPS of 85 cents beat the analyst consensus estimate of 63 cents.
Monday.com raised 2024 revenue guidance to $964 million–$966 million…
