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Dow Dips 150 Points; Monday.com Posts Upbeat Earnings

U.S. stocks traded lower this morning, with the Dow Jones index falling around 150 points on Monday. The Dow traded down 0.39% to 39,344.36 while the NASDAQ fell 0.15% to 16,719.45. The S&P 500 also fell, dropping, 0.24% to 5,331.60. Leading and Lagging SectorsInformation technology shares climbed by 0.9% on Monday. In trading on Monday, real estate shares fell 0.6%. Top Headline Monday.com Ltd (NASDAQ:MNDY) reported better-than-expected earnings for its fiscal second quarter. The company posted revenue growth of 34% Y/Y to $236.1 million, beating the analyst consensus estimate of $228.8 million. The project management software company's adjusted EPS of 94 cents beat the analyst consensus estimate of 56 cents. Monday.com expects third-quarter revenue of $243 million–$247 million (versus the consensus of $243.05 million) and adjusted operating margin of 8%–9%. Monday.com expects 2024 revenue guidance of $956 million—$961 million (prior $942 million—$948 million) against ...