TJX - Crude Oil Falls 2%; TJX Issues Weak Earnings Outlook | Benzinga
U.S. stocks traded higher toward the end of trading, with the Dow Jones gaining more than 150 points on Wednesday.
The Dow traded up 0.46% to 34,989.30 while the NASDAQ rose 0.16% to 14,116.28. The S&P 500 also rose, gaining, 0.26% to 4,507.40.
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Leading and Lagging Sectors
Materials shares surged by 0.7% on Wednesday.
In trading on Wednesday, utilities shares fell by 0.4%.
Top Headline
Shares of TJX Companies Inc (NYSE: TJX) fell on Wednesday after the company issued weak profit forecast for the fourth quarter.
TJX reported third-quarter FY24 sales growth of 9% year-on-year to $13.3 billion, beating the analyst consensus estimate of $13.08 billion. EPS of $1.03 beat the consensus estimate of $0.99.
For the fourth quarter, TJX said it now sees adjusted EPS between 97 cents and $1, down from its earlier forecast of between $1 and $1.03.
Equities Trading UP
AST SpaceMobile, Inc. (NASDAQ: ASTS) shares shot up 27% to $4.7750 following third-quarter results
Shares of Heron Therapeutics, Inc. (NASDAQ: HRTX) got a boost, shooting 61% to $0.8711 after the company reported mixed third-quarter financial results and issued guidance.
Chemomab Therapeutics Ltd. (NASDAQ: CMMB) shares were also up, gaining 32% to $0.8050 ...