TRKA - Dow Surges 100 Points; Ciena Posts Upbeat Earnings | Benzinga
U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining around 100 points on Thursday.
The Dow traded up 0.28% to 36,155 while the NASDAQ rose 1.41% to 14,346.47. The S&P 500 also rose, gaining, 0.86% to 4,588.61.
Check This Out: Top 5 Tech Stocks You May Want To Dump In December
Leading and Lagging Sectors
Communication services shares rose by 3.9% on Thursday.
In trading on Thursday, health care shares fell by 0.8%.
Top Headline
Ciena Corp (NYSE: CIEN) reported better-than-expected fourth-quarter earnings.
Ciena reported a fourth-quarter FY23 revenue growth of 16% year-on-year to $1.129 billion, beating the consensus estimate of $1.095 billion. The company reported an adjusted EPS of 75cents, beating the consensus of 69 cents.
Equities Trading UP
Save Foods, Inc. (NASDAQ: SVFD) shares shot up 93% to $4.1601 after the company highlighted it's targeting the US carbon credit market following the acquisition of majority ownership in the newly-formed Nitrousink Ltd.
Shares of Cyngn Inc. (NASDAQ: CYN) got a boost, shooting 88% to $0.4599 after the company announced the issuance of a new patent, US-11,837,089-B2, for the autonomous vehicle (AV) and driving solutions.
Barnes & Noble Education, Inc. ...