US Stocks Edge Lower; Monday.Com Shares Tumble After Q2 Results
U.S. stocks traded mostly lower this morning, with the Dow Jones index falling around 0.2% on Monday. Following the market opening Monday, the Dow traded down 0.16% to 53,949.06 while the NASDAQ fell 0.07% to 26,672.55. The S&P 500 also fell, dropping, 0.09% to 7,750.93. Leading and Lagging Sectors Energy shares jumped by 1.9% on Monday. In trading on Monday, real estate stocks fell by 0.9%. Top Headline Monday.Com Ltd (NASDAQ: MNDY ) shares fell around 10% on Monday after the company reported second-quarter financial results and issued weak third-quarter sales guidance. Monday.Com posted adjusted earnings of $1.48 per share, beating market estimates of $1.11 per share. The company’s sales came in at $364.621 million, versus expectations of $355.219 million. Monday.Com said it sees third-quarter sales of $368.000 million-$370.000 million, versus market estimates of $372.734 million. E...
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