NXPL - Dow Dips 200 Points; Citigroup Posts Upbeat Earnings | Benzinga
U.S. stocks traded lower this morning, with the Dow Jones index falling around 200 points on Friday.
Following the market opening Friday, the Dow traded down 0.54% to 38,249.92 while the NASDAQ fell 0.83% to 16,305.21. The S&P 500 also fell, dropping, 0.62% to 5,166.70.
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Leading and Lagging Sectors
Energy shares rose by 1.1% on Friday.
In trading on Friday, information technology shares fell by 1.1%.
Top Headline
Citigroup Inc (NYSE: C) posted better-than-expected earnings for its first quarter.
Citigroup reported a first-quarter fiscal 2024 revenue decline of 2% year-over-year to $21.10 billion, beating the consensus of $20.39 billion. GAAP EPS of $1.58 beat the consensus of $1.20.
Equities Trading UP
PaxMedica, Inc. (NASDAQ: PXMD) shares shot up 137% to $0.9902 after the company announced the completed execution of three pivotal registration/validation batches of PAX-101.
Shares of Beneficient (NASDAQ: BENF) got a boost, surging 65% to $0.1145 after dipping around 10% on Thursday.
NextPlat Corp (NASDAQ: NXPL) shares were also up, gaining 44% to $2.17 after the company reported a year-over-year increase in FY23 consolidated ...