US Stocks Mixed; Cleveland-Cliffs Shares Fall After Q1 Results

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U.S. stocks traded mixed this morning, with the S&P 500 falling around 0.1% on Monday.

Following the market opening Monday, the Dow traded up 0.03% to 49,462.33 while the NASDAQ fell 0.21% to 24,417.97. The S&P 500 also fell, dropping, 0.08% to 7,120.57.

Leading and Lagging Sectors

Energy shares climbed by 0.8% on Monday.

In trading on Monday, consumer discretionary stocks fell by 0.9%.

Top Headline

Shares of Cleveland-Cliffs Inc (NYSE:CLF) fell more than 6% on Monday after the company reported results for the first quarter.

The company reported quarterly losses of 40 cents per share which missed the analyst consensus estimate of losses of 39 cents per share. The company reported quarterly sales of $4.922 billion which beat the analyst consensus estimate of $4.777 billion.

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Full story available on Benzinga.com

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