WKME - Crude Oil Rises 1%; Dollar Tree Shares Fall After Q1 Results | Benzinga
U.S. stocks traded higher toward the end of trading, with the Dow Jones gaining over 100 points on Wednesday.
The Dow traded up 0.33% to 38,840.06 while the NASDAQ rose 1.70% to 17,143.85. The S&P 500 also rose, gaining, 1.03% to 5,345.70.
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Leading and Lagging Sectors
Information technology shares rose by 2.4% on Wednesday.
In trading on Wednesday, consumer staples shares fell by 0.6%.
Top Headline
Dollar Tree Inc (NASDAQ:DLTR) shares fell over 5% on Wednesday after the company reported its first-quarter FY24 earnings and announced a review of strategic alternatives for its Family Dollar business segment.
The company reported first-quarter FY24 sales growth of 4.22% at $7.63 billion, which was in-line with the analyst consensus estimate. Same-store sales increased 1.7% for the Dollar Tree segment, 0.1% for Family Dollar, and 1% for Enterprise. Adjusted EPS of $1.43 beat the consensus estimate of $1.42.
Equities Trading UP
- Actelis Networks, Inc. (NASDAQ:ASNS) shares shot up 704% to $3.78 after the company announced orders for cyber-hardened networking technology to be deployed at three US military bases.
- Shares of Moving iMage Technologies, Inc. (NASDAQ:MITQ) got a boost, surging 50% to $1.0501 after the company was awarded ...