BNZI - Dow Dips Over 550 Points; BJ's Wholesale Club Earnings Beat Views | Benzinga
U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling more than 550 points on Thursday.
The Dow traded down 1.44% to 39,098.81 while the NASDAQ fell 0.39% to 16,735.32. The S&P 500 also fell, dropping, 0.69% to 5,270.47.
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Leading and Lagging Sectors
Information technology shares rose by 1.5% on Thursday.
In trading on Thursday, real estate shares fell by 1.3%.
Top Headline
BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) reported better-than-expected results for its first quarter on Thursday.
The company posted quarterly revenue growth of 4.1% year-on-year to $4.918 billion, beating the analyst consensus estimate of $4.831 billion. Total comparable club sales increased by 1.6%. Adjusted EPS of 85 cents beat the analyst consensus estimate of 83 cents.
Equities Trading UP
- OneMedNet Corporation (NASDAQ:ONMD) shares shot up 141% to $1.14 after the company highlighted a ‘five-fold expansion’ of its iRWD network and platform.
- Shares of Bicycle Therapeutics plc (NASDAQ:BCYC) got a boost, surging 18% to $25.24 after the company announced a $555 million private placement equity financing.
- e.l.f. Beauty, Inc. (NYSE: