PSMT - Dow Surges 100 Points; PriceSmart Earnings Top Views | Benzinga
U.S. stocks traded higher this morning, with the Dow Jones index gaining over 100 points on Wednesday.
Following the market opening Wednesday, the Dow traded up 0.27% to 37,627.83 while the NASDAQ rose 0.24% to 14,893.51. The S&P 500 also rose, gaining, 0.23% to 4,767.44.
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Leading and Lagging Sectors
Communication services shares rose by 1% on Wednesday.
In trading on Wednesday, materials shares fell by 0.3%.
Top Headline
PriceSmart, Inc. (NASDAQ: PSMT) reported better-than-expected earnings for its first quarter on Tuesday.
Pricesmart posted adjusted earnings of $1.24 per share, beating market estimates of $1.09 per share. The company’s quarterly sales came in at $1.17 billion versus estimates of $1.16 billion, according to data from Benzinga Pro.
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