VLD - Dow Jumps Over 200 Points; UniFirst Posts Downbeat Earnings | Benzinga
U.S. stocks traded higher this morning, with the Dow Jones gaining over 200 points on Wednesday.
Following the market opening Wednesday, the Dow traded up 0.58% to 39,511.62 while the NASDAQ rose 0.60% to 16,412.89. The S&P 500 also rose, gaining, 0.58% to 5,233.65.
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Leading and Lagging Sectors
Real estate shares jumped by 1.1% on Wednesday.
In trading on Wednesday, consumer discretionary shares rose by just 0.3%.
Top Headline
UniFirst Corporation (NYSE: UNF) reported weaker-than-expected second-quarter earnings.
UniFirst posted quarterly earnings of $1.09 per share, missing market estimates of $1.23 per share. The company’s quarterly sales came in at $590.70 million versus expectations of $587.84 million.
UniFirst said it sees FY24 revenue of $2.415 billion to $2.425 billion and earnings of $6.80 to $7.16 per share.
Equities Trading UP
Lixte Biotechnology Holdings, Inc. (NASDAQ: LIXT) shares shot up 82% to $4.1307 after the company announced the publication of pre-clinical data on its lead clinical compound, LB-100.
Shares of ...