WAVE - Dow Gains Over 50 Points; Neogen Posts Downbeat Earnings | Benzinga
U.S. stocks traded higher this morning, with the Dow Jones index gaining over 50 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.20% to 38,972.32 while the NASDAQ rose 0.40% to 16,319.23. The S&P 500 also rose, gaining, 0.32% to 5,219.29.
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Leading and Lagging Sectors
Communication services shares jumped by 0.8% on Tuesday.
In trading on Tuesday, financial shares rose by just 0.1%.
Top Headline
Neogen Corporation (NASDAQ: NEOG) reported worse than expected third-quarter earnings and cut 2024 guidance.
Neogen posted adjusted earnings of 12 cents per share, missing market expectations of 14 cents per share. The company’s quarterly sales came in at $228.812 million versus estimates of $230.011 million.
Equities Trading UP
Laser Photonics Corporation (NASDAQ: LASE) shares shot up 174% to $3.9250 after the company announced it secured an order for its LaserTower COMPACT marking and engraving system from L3Harris Technologies.
Shares of Acrivon Therapeutics, Inc. ...