WOLF - Dow Gains 50 Points; Global Payments Posts Upbeat Earnings | Benzinga
U.S. stocks turned higher toward the end of trading, with the Dow Jones index gaining around 50 points on Tuesday.
The Dow traded up 0.15% to 32,978.85 while the NASDAQ rose 0.20% to 12,814.52. The S&P 500 also rose, gaining, 0.38% to 4,182.85.
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Leading and Lagging Sectors
Real estate shares jumped by 1.3% on Tuesday.
In trading on Tuesday, communication services shares fell by 0.3%.
Top Headline
Global Payments Inc (NYSE: GPN) reported better-than-expected third-quarter earnings.
Adjusted net revenue rose 9% Y/Y to $2.232 billion, slightly beating the consensus of $2.226 billion. Adjusted EPS of $2.75 beat the consensus of $2.71.
For FY23, Global Payments raised the adjusted EPS outlook to $10.39 - $10.45 (from $10.35 - $10.44) vs. consensus of $10.38.
Equities Trading UP
SciSparc Ltd. (NASDAQ: SPRC) shares shot up 68% to $5.72 after the company announced it received notice of acceptance from the Australian patent office for its patent application for Combination of Opioids and N-Acylethanolamines for pain treatment.
Shares of Cardio Diagnostics Holdings, Inc. (NASDAQ: CDIO) got a boost, shooting 50% to $0.32 after the company received an Innovation Technology contract from Vizient for its novel AI-driven precision heart disease tests.
Wolfspeed, Inc. (NYSE: WOLF) shares were also up, gaining 23% to ...