RXT - Dow Falls 150 Points; AutoZone Earnings Top Views | Benzinga
U.S. stocks traded lower toward the end of trading, with the Dow Jones falling more than 150 points on Tuesday.
The Dow traded down 0.48% to 34,457.36 while the NASDAQ fell 0.28% to 13,672.29. The S&P 500 also fell, dropping, 0.34% to 4,438.52.
Check This Out: Dell Technologies To Rally More Than 15%? Here Are 10 Other Analyst Forecasts For Tuesday
Leading and Lagging Sectors
Communication services shares fell by just 0.02% on Tuesday.
In trading on Tuesday, energy shares dipped by 1.1%.
Top Headline
AutoZone Inc (NYSE: AZO) reported better-than-expected earnings for its fourth quarter.
The company posted fourth-quarter FY23 sales growth of 6.4% year-on-year to $5.69 billion, beating the analyst consensus of $5.61 billion. EPS of $46.46 beat the consensus of $45.12.
Equities Trading UP
Rackspace Technology, Inc. (NASDAQ: RXT) shares shot up 36% to $2.0102 after Raymond James upgraded the stock from Market Perform to Outperform and announced a $3.5 price target.
Shares of Avinger, Inc. (NASDAQ: AVGR) got a boost, shooting 41% to $8.53, adding to outsized gains from Monday. On Monday, Avinger shares soared 46.8% after the company announced the commercial launch of its Tigereye ST image-guided CTO crossing device.
Elutia Inc. (NASDAQ: ELUT) shares were also ...