LOW - Crude Oil Moves Lower; Lowe's Earnings Top Views | Benzinga
U.S. stocks traded mostly higher midway through trading, with the Dow Jones index gaining around 0.2% on Tuesday.
The Dow traded up 0.19% to 39,883.93 while the NASDAQ rose 0.01% to 16,794.91. The S&P 500 also rose, gaining, 0.12% to 5,314.33 .
Check This Out: These 3 Consumer Stocks With Over 3% Dividend Yields Are Recommended By Wall Street’s Most Accurate Analysts
Leading and Lagging Sectors
Energy shares rose by 0.4% on Tuesday.
In trading on Tuesday, consumer discretionary shares fell by 0.5%.
Top Headline
Lowe's Companies Inc (NYSE:LOW) reported better-than-expected first-quarter financial results.
The company reported a first-quarter FY24 sales decline of 4.4% year-on-year to $21.364 billion, beating the analyst consensus estimate of $21.123 billion. EPS of $3.06 beat the analyst consensus estimate of $2.94.
Comparable sales decreased 4.1% due to a decline in DIY big ticket discretionary spending was partially offset by positive comparable sales in Pro and online.
Equities Trading UP