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Nasdaq Surges Over 1%; US Wholesale Inventories Rise 0.2% In July

Benzinga ·  Sep 10 00:04

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 200 points on Monday.

The Dow traded up 1.04% to 40,764.12 while the NASDAQ rose 1.31% to 16,908.76. The S&P 500 also rose, gaining, 1.09% to 5,467.56.

Leading and Lagging Sectors

Consumer discretionary shares surged by 1.7% on Monday.

In trading on Monday, utilities shares fell by 0.1%.

Top Headline

U.S. wholesale inventories increased by 0.2% month-over-month to $903.5 billion in July compared to a preliminary reading of a 0.3% rise, and versus a revised flat reading a month ago.

Equities Trading UP

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