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US Stocks Mixed; Target Posts Downbeat Earnings
U.S. stocks traded mixed this morning, with the Dow Jones index falling around 20 points on Wednesday.
Following the market opening Wednesday, the Dow traded down 0.05% to 39,853.86 while the NASDAQ rose 0.04% to 16,839.94. The S&P 500 also fell, dropping, 0.03% to 5,319.84.
Check This Out: Top 5 Industrials Stocks That May Explode This Quarter
Leading and Lagging SectorsIndustrials shares rose by 0.2% on Wednesday.
In trading on Wednesday, energy shares fell by 0.9%.
Top Headline
Target Corp (NYSE:TGT) reported weaker-than-expected first-quarter earnings.
The company reported a first-quarter FY24 sales decline of 3.1% year-on-year to $24.531 billion, beating the analyst consensus estimate of $24.521 billion. Comparable sales declined 3.7% in the first quarter. Adjusted EPS of $2.03 missed the analyst consensus estimate of $2.06.
Equities Trading UP
Akoustis Technologies, Inc. (NASDAQ:AKTS) shares shot up 222% to $0.4474 after the company reportedly floated the probability of bankruptcy after losing a ...