U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 1.5% on Monday.
The Dow traded up 0.96% to 34,193.83 while the NASDAQ rose 1.52% to 11,896.75. The S&P 500 also rose, gaining, 1.03% to 4,132.54.
Shares of Fastly Inc (NYSE: FSLY) spiked in early trading on Monday, continuing last week’s rally.
The company has strong underlying foundations and is focusing on security and edge cloud solutions, according to BofA Securities.
U.S. stocks traded higher this morning, with the Dow Jones gaining around 200 points on Monday.
Following the market opening Monday, the Dow traded up 0.59% to 34,069.23 while the NASDAQ rose 0.65% to 11,793.71. The S&P 500 also rose, gaining, 0.52% to 4,111.69.
Market bets on whether the Federal Reserve's rate hikes would lead to a recession in 2023 have become a primary focus for the equity markets and for those who trade them.
Fastly Inc (NASDAQ: FSLY) shares are trading higher by 11.5% to $8.81 Thursday after the company reported better-than-expected third-quarter EPS and sales results and issued FY22 sales guidance above estimates.
What Happened?