STOK - Dow Gains 100 Points; McCormick Posts Upbeat Results | Benzinga
U.S. stocks traded higher midway through trading, with the Dow Jones gaining around 100 points on Tuesday.
The Dow traded up 0.25% to 39,413.30 while the NASDAQ rose 0.27% to 16,448.55. The S&P 500 also rose, gaining, 0.27% to 5,232.36.
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Leading and Lagging Sectors
Consumer discretionary shares jumped by 0.8% on Monday.
In trading on Monday, energy shares fell by 0.6%.
Top Headline
McCormick & Co Inc (NYSE: MKC) reported better-than-expected first-quarter financial results.
McCormick reported first-quarter FY24 sales growth of 3% year-on-year to $1.60 billion, beating the analyst consensus estimate of $1.56 billion. Adjusted EPS of 63 cents beat the consensus of 58 cents.
Equities Trading UP
Stoke Therapeutics, Inc. (NASDAQ: STOK) shares shot up 73% to $11.25 after the company announced Phase 1/2a data supporting the potential for STK-001 in Dravet syndrome.
Shares of Mesoblast Ltd (NASDAQ: MESO) got a boost, surging 36% to $3.00 after the FDA informed the company that the available clinical data from its Phase 3 study MSB-GVHD001 appears sufficient to support ...