Monday brought another set of solid gains to the stock market. Enthusiasm about the potential success of COVID-19 vaccination efforts and economic strength helped market participants lift major market indexes substantially. The Dow Jones Industrial Average (DJINDICES:^DJI), S&P 500 (SNPINDEX:^GSPC), and Nasdaq Composite (NASDAQINDEX:^IXIC) all were higher, with the Nasdaq finishing at a record and the S&P falling short by just a fraction of a point.
|
Dow |
+0.61% |
+216 |
|
S&P 500 |
+0.85% |
+38 |
|
Nasdaq Composite |
+1.55% |
+228 |
Data source: Yahoo! Finance.
As if the day’s regular trading session wasn’t enough, some stocks continued to do well in the after-hours session. Palo Alto Networks (NYSE:PANW) and Cara Therapeutics (NASDAQ:CARA) were both up by double-digit percentages late Monday, and below, we’ll go into the details.
Palo Alto has a great report
Shares of Palo Alto Networks jumped more than 10% Monday night after hours. The cybersecurity specialist’s quarterly results were solid, and the company was optimistic about its future.
The numbers from Palo Alto were highly encouraging. Revenue for the company’s fiscal fourth quarter was higher by 28% from the year-ago period. Adjusted net income grew 12% year over year, with adjusted earnings of $1.60 per share coming in better than many investors had expected.
