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Dow Turns Lower; EchoStar Shares Plunge

U.S. stocks turned lower toward the end of trading, with the Dow Jones falling around 50 points on Monday

The Dow traded down 0.16% to 34,007.81 while the NASDAQ fell 0.08% to 13,467.42. The S&P 500 also fell, dropping, 0.13% to 4,352.49.

Check This Out: Top 5 Health Care Stocks That May Fall Off A Cliff This Month

 

Leading and Lagging Sectors

 

Health care shares jumped by 0.7% on Monday.

In trading on Monday, real estate shares fell by 1.7%.

 

Top Headline

 

Kosmos Energy Ltd (NYSE: KOS) reported better-than-expected earnings for its third quarter on Monday.

Kosmos Energy reported third-quarter (Q3) 2023 revenue of $526.5 million, beating the consensus of $457.4 million. Adjusted EPS of 26 cents, surpassing the consensus of $0.21.

For FY23, the company now expects capital expenditure of ~$800 million (vs. $700 million - $750 million earlier) and production of ~63,000 boe per day (vs. 65,000 - 69,000 boe per day prior).

 

Equities Trading UP

 

Carbon Revolution Public Limited (NASDAQ: CREV) shares shot up 204% to ...

Full story available on Benzinga.com


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