Crude Oil Gains Over 1%; Verizon Posts Upbeat Earnings

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U.S. stocks traded lower midway through trading, with the Dow Jones index falling around 0.1% on Monday.

The Dow traded down 0.13% to 49,166.76 while the NASDAQ fell 0.16% to 24,796.92. The S&P 500 also fell, dropping, 0.02% to 7,163.54.

Leading and Lagging Sectors

Communication services shares jumped by 1.1% on Monday.

In trading on Monday, consumer discretionary stocks fell by 1%.

Top Headline

Verizon Communications (NYSE:VZ) reported better-than-expected first-quarter earnings and raised its FY26 adjusted EPS guidance above estimates.

Verizon reported quarterly earnings of $1.28 per share which beat the analyst consensus estimate of $1.20 per share. The company reported quarterly sales of $34.400 billion which missed the analyst consensus estimate of $34.836 billion.

Equities Trading UP
           

  • Youxin Technology Ltd (NASDAQ:YAAS) shares shot up 52% to $1.41 after the company agreed to acquire 18% of the equity interests in YATOP in consideration …

Full story available on Benzinga.com

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