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Monday.com Plunges as US Stocks Slide on Weak Earnings

Guavy AI Editorial Team
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US stocks traded mostly lower on Monday, with the Dow Jones index falling around 0.2%.

The energy sector led gains, with shares increasing by 1.9%, while real estate stocks dropped 0.9%.

Monday.com (NASDAQ:MNDY) shares plummeted around 10% after the company reported second-quarter financial results and issued weak third-quarter sales guidance.

Despite beating market estimates for adjusted earnings, Monday.com's sales came in below expectations, and its third-quarter sales forecast fell short of analyst predictions.

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