VICR - Crude Oil Edges Higher; Thermo Fisher Scientific Cuts FY23 Forecast | Benzinga
U.S. stocks traded mostly lower midway through trading, with the Nasdaq Composite falling more than 150 points on Wednesday.
The Dow traded up 0.20% to 33,206.51 while the NASDAQ fell 1.76% to 12,908.76. The S&P 500 also fell, dropping, 0.92% to 4,208.77.
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Leading and Lagging Sectors
Utilities shares rose by 0.5% on Wednesday.
In trading on Wednesday, communication services shares fell by 4.7%.
Top Headline
Thermo Fisher Scientific Inc. (NYSE: TMO) reported mixed third-quarter financial results and lowered its FY23 guidance.
Thermo Fisher Scientific posted adjusted earnings of $5.69 per share, versus expectations of $5.61 per share. The company’s sales came in at $10.57 billion, compared to estimates of $10.59 billion.
Equities Trading UP
Abri SPAC I, Inc. (NASDAQ: ASPA) shares shot up 117% to $27.10 after the company announced its stockholders approved of the proposed merger with DLQ, Inc.
Shares of BIO-key International, Inc. (NASDAQ: BKYI) got a boost, shooting 31% to $0.2497 following third-quarter results.
Stride, Inc. (NYSE: LRN) shares ...