U.S. stocks turned lower midway through trading, with the Nasdaq Composite falling more than 100 points on Monday.
Following the market opening Monday, the Dow traded down 0.39% to 34,317.66 while the NASDAQ fell 0.93% to 13,226.95. The S&P also fell, dropping, 0.47% to 4,372.00.
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Leading and Lagging Sectors
Energy shares jumped by 1.1% on Monday. Meanwhile, top gainers in the sector included Camber Energy, Inc. (NYSE: CEI), up 22% and San Juan Basin Royalty Trust (NYSE: SJT) up 12%.
In trading on Monday, health care shares fell 0.9%.
Top Headline
Bank of America Corp (NYSE: BAC) reported better-than-expected results for its first quarter.
The bank reported quarterly earnings of $0.80 per share, beating analysts’ estimates of $0.74 per share. The company’s quarterly sales came in at $23.20 billion, versus expectations of $23.11 billion.
Equities Trading UP
Casa Systems, Inc. (NASDAQ: CASA) shares shot up 68% to $6.52 after the company announced a multi-year contract with Verizon to provide 5G core network functions.
Shares of …
