Crude Oil Gains Over 1%; Verizon Posts Upbeat Earnings – Compass Therapeutics (NASDAQ:CMPX), Veradermics

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
           

Equities Trading DOWN

Commodities

In commodity news, oil traded up 1.4% to $95.67 while gold traded down 0.8% at $4,705.50.

Silver traded down 1.5% to $75.300 on Monday, while copper fell 0.1% to $6.0190.

Euro zone

European shares were mostly higher today. The eurozone’s STOXX 600 fell 0.1%, while Spain’s IBEX 35 Index rose 0.2%. London’s FTSE 100 fell 0.2%, Germany’s DAX gained 0.2% and France’s CAC 40 rose 0.1% during the session.

Asia Pacific Markets

Asian markets closed mixed on Monday, with Japan’s Nikkei 225 gaining 1.38%, China’s Shanghai Composite rising 0.16%, Hong Kong’s Hang Seng Index falling 0.20% and India’s BSE Sensex gaining 0.83%.

Economics

The Dallas Fed manufacturing index fell to -2.30 points in April from a reading of -0.20 points in the previous month.

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