SPRC - Crude Oil Falls Sharply; Deere Posts Upbeat Earnings | Benzinga
U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 150 points on Wednesday.
The Dow traded up 0.51% to 35,266.35 while the NASDAQ rose 0.59% to 14,284.26. The S&P 500 also rose, gaining, 0.45% to 4,558.48.
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Leading and Lagging Sectors
Communication services shares surged by 1.2% on Wednesday.
In trading on Wednesday, energy shares fell by 1.7%.
Top Headline
Shares of Deere & Co (NYSE: DE) fell around 7% on Wednesday after the company posted results for its fourth quarter.
Net sales and revenue fell 1% Y/Y to $15.41 billion, beating the consensus of $13.69 billion. EPS of $8.26 surpassed the consensus of $7.47.
For FY24, Deere expects net income of $7.75 billion-$8.25 billion, versus market estimates of around $9.33 billion.
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PaxMedica, Inc. (NASDAQ: PXMD) shares shot up 36% to $1.09 as the company announced pricing of $7 million public offering.
Shares of SciSparc Ltd. (NASDAQ: SPRC) got a boost, shooting 31% to $8.32 after the company announced it signed a non-binding letter of intent to ...