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Dow Tumbles 200 Points; McDonald's Posts Downbeat Earnings
U.S. stocks traded lower this morning, with the Dow Jones index falling more than 200 points on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.59% to 38,159.97 while the NASDAQ fell 0.23% to 15,945.74. The S&P 500 also fell, dropping, 0.23% to 5,104.26.
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Leading and Lagging SectorsHealth care shares rose by 0.5% on Tuesday.
In trading on Tuesday, materials shares fell by 0.7%.
Top Headline
McDonald's Corp (NYSE:MCD) reported mixed first-quarter results on Tuesday.
McDonald's reported first-quarter FY24 sales growth of 4.6% year-on-year to $6.17 billion, beating the analyst consensus estimate of $6.155 billion. Adjusted EPS of $2.70 missed the consensus estimate of $2.72.
Equities Trading UP
Akili, Inc. (NASDAQ:AKLI) shares shot up 64% to $0.3849 after the company announced Shionogi has canceled and forgiven a $5.0 million long-term debt obligation and agreed to make certain payments for SDT-001.
Shares of AGBA Group Holding Limited (NASDAQ:AGBA) got a boost, surging 61% to $3.78 after the company highlighted plans for its previously-announced merger with Triller.
Global Mofy Metaverse Limited (NASDAQ:GMM) shares were also up, ...