TJX - Dow Dips 200 Points; TJX Posts Upbeat Sales | Benzinga
U.S. stocks traded lower this morning, with the Dow Jones index falling around 200 points on Wednesday.
Following the market opening Wednesday, the Dow traded down 0.52% to 38,770.83 while the NASDAQ fell 0.63% to 15,933.71. The S&P 500 also fell, dropping, 0.33% to 5,061.21.
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Leading and Lagging Sectors
Energy shares rose by 0.5% on Wednesday.
In trading on Wednesday, information technology shares fell by 0.8%.
Top Headline
The TJX Companies, Inc. (NYSE: TJX) posted better-than-expected sales for its fourth quarter on Wednesday.
TJX Companies posted GAAP earnings of $1.12 per share, in-line with market estimates. The company’s quarterly sales came in at $16.40 billion, versus expectations of $16.21 billion.
TJX said it sees FY25 earnings of $3.94 to $4.02 per share, versus estimates of $4.11 per share. The company expects consolidated comparable store sales gaining 2% to 3%.
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