Recent retail earnings showed a good deal of doom and gloom signs of a weakened consumer spending. Both Macy’s Inc (NYSE: M) and Nordstrom Inc (NYSE: JWN) saw falling digital sales.
U.S. stocks traded mostly higher this morning, with the Dow Jones gaining around 75 points on Monday.
Following the market opening Monday, the Dow traded up 0.24% to 31,986.55 while the NASDAQ rose 0.24% to 11,165.62. The S&P 500, meanwhile, fell, dropping, 0.03% to 3,860.50.
Provention Bio Inc (NASDAQ: PRVB) shares are rocketing higher Monday after Sanofi (NASDAQ: SNY) announced plans to acquire the biopharmaceutical company.</
Benson Hill, Inc. (NYSE: BHIL) reported quarterly losses from continuing operations of $(0.17) per share which beat the analyst consensus estimate of $(0.18) by 5.56 percent.
After the market mayhem seen last week, some semblance of normalcy could return to Wall Street, thanks to the government’s move to assuage concerns in response to the banking crisis.
Bluegreen Vacations (NYSE: BVH) reported quarterly earnings of $0.61 per share which beat the analyst consensus estimate of $0.56 by 8.93 percent. This is a 3.17 percent decrease over earnings of $0.63 per share from the same period last year.