RSLS - Crude Oil Moves Lower; Advance Auto Parts Shares Fall After Q1 Results | Benzinga
U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 350 points on Wednesday.
The Dow traded down 0.92% to 38,494.43 while the NASDAQ fell 0.43% to 16,946.37. The S&P 500 also fell, dropping, 0.63% to 5,272.54 .
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Leading and Lagging Sectors
Communication services shares fell by just 0.1% on Wednesday.
In trading on Wednesday, energy shares dipped by 1.6%.
Top Headline
Shares of Advance Auto Parts Inc. (NYSE:AAP) fell over 6% on Wednesday after the company posted results for its first quarter on Wednesday.
The company reported first-quarter earnings per share of 67 cents, beating the street view of 64 cents. Net sales totaled $3.406 billion in the first quarter of 2024, a 0.3% decrease from the prior year's first quarter. Comparable store sales decreased 0.2%. Sales missed the analyst consensus of $3.425 billion.
Equities Trading UP