SPGI - Crude Oil Gains Over 2%; S&P Global Raises Profit Outlook | Benzinga
U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 200 points on Thursday.
The Dow traded up 1.51% to 33,775.43 while the NASDAQ rose 1.71% to 13,284.72. The S&P 500 also rose, gaining, 1.77% to 4,312.70.
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Leading and Lagging Sectors
Real estate shares jumped by 3.2% on Thursday.
In trading on Thursday, communication services shares rose by just 0.8%.
Top Headline
S&P Global Inc. (NYSE: SPGI) reported better-than-expected third-quarter financial results and raised its annual profit outlook.
S&P Global posted adjusted earnings of $3.21 per share, beating market estimates of $3.05 per share. The company’s sales came in at $3.08 billion versus estimates of $3.02 billion.
S&P Global raised its 2023 adjusted earnings forecast from $12.35-$12.55 to $12.50-$12.60.
Equities Trading UP
Aware, Inc. (NASDAQ: AWRE) shares shot up 38% to $1.4450 after the company reported strong quarterly sales results.
Shares of Rocky Brands, Inc. (NASDAQ: RCKY) got a boost, shooting 38% to $17.45 after the company reported better-than-expected third-quarter financial results.
Lemonade, Inc. (NYSE: LMND) shares were also up, gaining ...