SPIR - Dow Jumps 200 Points; Core & Main Shares Gain After Q4 Results | Benzinga
U.S. stocks traded mixed midway through trading, with the Dow Jones gaining more than 200 points on Tuesday.
The Dow traded up 0.54% to 39,001.22 while the NASDAQ fell 0.34% to 16,048.51. The S&P 500 also rose, gaining, 0.02% to 5,150.45.
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Leading and Lagging Sectors
Energy shares rose by 0.7% on Tuesday.
In trading on Tuesday, communication services shares fell by 1%.
Top Headline
Shares of Core & Main, Inc. (NYSE: CNM) gained around 7% on Tuesday after the company reported fourth-quarter results.
Core & Main posted quarterly earnings of 34 cents per share, missing analysts’ estimates of 35 cents per share. The company’s quarterly sales came in at $1.44 billion, versus expectations of $1.43 billion.
Core & Main said it expects 2024 net sales of $7.4 billion to $7.6 billion and adjusted EBITDA of $925 million to $975 million.
Equities Trading UP
Ontrak, Inc. (NASDAQ: OTRK) shares shot up 132% to $0.44 ahead of the company's presentation at the 36th Annual Roth Conference.