VTYX - Crude Oil Jumps 2%; Lululemon Posts Upbeat Earnings | Benzinga
U.S. stocks traded mixed midway through trading, with the Dow Jones index gaining around 50 points on Thursday.
The Dow traded up 0.14% to 38,860.40 while the NASDAQ fell 0.07% to 17,175.73. The S&P 500 also rose, gaining, 0.01% to 5,354.33.
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Leading and Lagging Sectors
Consumer discretionary shares rose by 0.5% on Thursday.
In trading on Thursday, utilities shares fell by 0.5%.
Top Headline
Lululemon Athletica Inc. (NASDAQ:LULU) reported upbeat financial results for its first quarter and authorized a $1 billion increase in its stock repurchase program on Wednesday.
The company said it sees second-quarter revenue in the range of $2.4 billion to $2.42 billion versus estimates of $2.45 billion. The company anticipates second-quarter earnings of $2.92 to $2.97 per share versus estimates of $3.01 per share.
Equities Trading UP
- Replimune Group, Inc. (NASDAQ:REPL) shares shot up 27% to $7.07 as the company announced positive topline primary analysis data by Independent Central Review from IGNYTE clinical trial of RP1 plus nivolumab in anti-PD1 failed melanoma.
- Shares of Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) got a boost, surging 26% to $6.35 after Cycle Pharmaceuticals confirmed that it made a proposal to buy the company.
- Freight Technologies, Inc. (NASDAQ: