US Stocks Higher; Tencent Music Shares Fall After Q1 Results



U.S. stocks traded higher this morning, with the Dow Jones gaining around 90 points on Monday.

Following the market opening Monday, the Dow traded up 0.24% to 39,606.48 while the NASDAQ rose 0.32% to 16,392.92. The S&P 500 also rose, gaining, 0.22% to 5,233.92.

Check This Out: JPMorgan, Global Payments And 2 Other Stocks Insiders Are Selling

Leading and Lagging Sectors

Consumer discretionary shares rose by 0.1% on Monday.

In trading on Monday, communication services shares fell by 0.2%.

Top Headline

Shares of Tencent Music Entertainment Group (NYSE:TME) gained over 5% on Monday after the company reported results for its first quarter.

The company reported a fiscal first-quarter 2024 revenue decline of 3.4% year-over-year to $937.0 million (6.77 billion Chinese yuan), beating the analyst consensus estimate of $917.6 million. Its adjusted EPADS of $0.15 (CNY1.09) beat the analyst consensus estimate of $0.14.

Equities Trading UP

GameStop Corp. (NYSE:GME) shares shot up 54% to $26.89 amid possible retail investor interest …

Full story available on


Leave a Reply

Your email address will not be published. Required fields are marked *