Nasdaq Down 100 Points; Domino's Pizza Posts Weak Earnings

Author: Avi Kapoor | February 24, 2025 02:51pm

U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite falling around 100 points on Monday.

The Dow traded up 0.42% to 43,611.72 while the NASDAQ fell 0.53% to 19,421.11. The S&P 500 also fell, dropping, 0.01% to 6,013.05.

Check This Out: Top 3 Tech Stocks That May Crash In Q1

Leading and Lagging Sectors

Financials shares jumped by 1% on Monday.

In trading on Thursday, utilities shares fell by 0.6%.

Top Headline

Domino's Pizza Inc. (NASDAQ:DPZ) posted weaker-than-expected fourth-quarter FY24 earnings results.

The company reported fourth-quarter sales growth of 2.9% year-on-year to $1.44 billion, missing the analyst consensus estimate of $1.48 billion. EPS of $4.89 missed the analyst consensus estimate of $4.92.

Equities Trading UP

AtlasClear Holdings, Inc. (NYSE:ATCH) shares shot up 191% to $6.84 after the company announced second-quarter results.
Shares of Santech Holdings Limited (NASDAQ:STEC)got a boost, surging 202% to $1.8995.
Connexa Sports Technologies Inc. (NASDAQ:YYAI) shares were also up, gaining 97% to $1.26 after the company announced it signed a multi-channel-network (MCN) deal to create content for TikTok in the MENA region.

Equities Trading DOWN

Target Hospitality Corp. (NASDAQ:TH) shares dropped 46% to $5.06 after the company announced it lost a key government contract and withdrew its FY25 guidance.
Shares of Nikola Corporation (NASDAQ:NKLA) were down 34% to $0.2527. The company last week announced it received a delisting letter from the Nasdaq. The company has also filed for Chapter 11 bankruptcy in Delaware, seeking to auction assets while maintaining limited operations through March 2025.
Volato Group, Inc. (NYSE:SOAR) was down, falling 31% to $2.5966. Volato announced that it has begun bitcoin mining operations, marking an early but significant step in its broader exploration of aviation-integrated cryptocurrency mining.

Commodities

In commodity news, oil traded up 0.6% to $70.83 while gold traded up 0.4% at $2,963.80.

Silver traded down 1% to $32.67 on Monday, while copper fell 0.9% to $4.5170.

Euro zone

European shares closed mixed today. The eurozone's STOXX 600 fell 0.08%, Germany's DAX 40 gained 0.62% and France's CAC 40 fell 0.78%. Spain's IBEX 35 Index rose 0.47%, while London's FTSE 100 fell 0.01%.

Asia Pacific Markets

Asian markets closed lower on Monday, with China's Shanghai Composite Index falling 0.18%, Hong Kong's Hang Seng Index dipping 0.58% and India's BSE Sensex falling 1.14%.

Economics

The Dallas Fed’s Texas manufacturing activity index fell 22 points to a reading of -8.3 in February compared to a reading of 14.1 in January.
The Chicago Fed National Activity Index declined to -0.03 in January versus a revised reading of 0.18 in December.

Now Read This: