TSRI - Crude Oil Moves Higher; Deere Cuts Profit Outlook | Benzinga
U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite falling around 0.1% on Thursday.
The Dow traded up 0.01% to 39,912.06 while the NASDAQ fell 0.10% to 16,726.17. The S&P 500 also fell, dropping, 0.04% to 5,306.04.
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Leading and Lagging Sectors
Consumer staples shares rose by 1.7% on Thursday.
In trading on Thursday, materials shares fell by 0.5%.
Top Headline
Deere & Co (NYSE:DE) reported upbeat second-quarter earnings, but lowered its net income 2024 outlook.
The company's net sales and revenue declined 12% year-over-year to $15.235 billion, beating the consensus of $13.281 billion. EPS of $8.53, down from $9.65 YoY, beating the consensus of $7.87.
Deere lowered its 2024 net income outlook to $7.00 billion (prior $7.50 billion-$7.75 billion).
Equities Trading UP