U.S. stocks traded lower toward the end of trading amid protests over COVID-19 restrictions in China. The Dow Jones dropped more than 450 points on Monday.
Gainers
Taboola.com Ltd. (NASDAQ: TBLA) shares gained 52.5% to $2.8050 after the company announced it entered into a 30-year exclusive commercial agreement with Yahoo.
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Shares of Pinduoduo Inc. (NASDAQ:PDD) moved higher by 4.45% in the past three months. When understanding a companies price change over a time period like 3 months, it could be helpful to look at its financials.
Pinduoduo (NASDAQ:PDD) reported quarterly earnings of $1.21 per share which beat the analyst consensus estimate of $0.65 by 86.15 percent. This is a 255.88 percent increase over earnings of $0.34 per share from the same
Pinduoduo (NASDAQ:PDD) reported quarterly sales of $4.99 billion which beat the analyst consensus estimate of $4.31 billion by 15.80 percent. This is a 49.54 percent increase over sales of $3.34 billion the same period
The U.S. index futures are pointing to a lower start for Wall Street stocks on Monday, as the upward momentum built over the last week falters amid geopolitical tensions.