UNF - Dow Dips Over 100 Points Ahead Of Fed Minutes; UniFirst Shares Fall After Q1 Results | Benzinga
U.S. stocks traded lower this morning, with the Dow Jones index falling more than 100 points on Wednesday.
Following the market opening Wednesday, the Dow traded down 0.35% to 37,584.32 while the NASDAQ fell 0.66% to 14,668.39. The S&P 500 also fell, dropping, 0.49% to 4,719.52.
Check This Out: How To Earn $500 A Month From Apple Stock Following Tuesday's Slide
Leading and Lagging Sectors
Health care shares rose by 0.1% on Wednesday.
In trading on Wednesday, materials shares fell by 1.4%.
Top Headline
Shares of UniFirst Corporation (NYSE: UNF) fell around 7% on Wednesday after the company released earnings for its first quarter.
UniFirst posted quarterly earnings of $2.26 per share, up from $1.81 per share in the year-ago period. The company’s sales came in at $593.52 million versus estimates of $589.64 million.
UniFirst continues to expect FY24 revenue of $2.415 billion to $2.435 billion versus expectations of $2.43 billion. The company sees earnings of $6.52 to $7.16 per share, versus market estimates ...