EOSE - Dow Edges Higher; Darden Restaurants Earnings Top Views | Benzinga
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 70 points on Friday.
The Dow traded up 0.11% to 37,288.04 while the NASDAQ rose 0.48% to 14,832.05. The S&P 500 also rose, gaining, 0.06% to 4,722.55.
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Leading and Lagging Sectors
Information technology shares rose by 0.9% on Friday.
In trading on Friday, utilities shares fell by 1.4%.
Top Headline
Darden Restaurants Inc (NASDAQ: COST) posted upbeat earnings for its second quarter on Friday.
Darden Restaurants reported second-quarter FY24 sales growth of 9.7% year-on-year to $2.727 billion, missing the analyst consensus estimate of $2.741 billion. Adjusted EPS of $1.84 beat the consensus estimate of $1.74.
Equities Trading UP
Getaround, Inc. (NYSE: GETR) shares shot up 127% to $0.3750 after the company reported a year-over-year increase in third-quarter financial results.
Shares of Battalion Oil Corporation (NYSE: BATL) got a boost, surging 82% to $9.59 after the company announced it will be acquired by Fury Resources.
Bruush Oral Care Inc. (NASDAQ: BRSH) shares were also up, gaining 35% to $0.23 after the company and Arrive Technology announced an agreement and plan of merger.
Equities Trading DOWN