VIAO - Dow Surges 200 Points; Abbott Laboratories Posts Upbeat Earnings | Benzinga
U.S. stocks traded higher this morning, with the Dow Jones index gaining around 200 points on Wednesday.
Following the market opening Wednesday, the Dow traded up 0.55% to 38,006.47 while the NASDAQ rose 0.24% to 15,903.38. The S&P 500 also rose, gaining, 0.40% to 5,071.74.
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Leading and Lagging Sectors
Materials shares rose by 1% on Wednesday.
In trading on Wednesday, real estate shares fell by 0.3%.
Top Headline
Abbott Laboratories (NYSE: ABT) reported better-than-expected earnings for its first quarter.
The company posted first-quarter sales of $9.96 billion, up 10.8% on an organic basis for the underlying base business, beating the consensus of $9.88 billion. Abbott’s adjusted diluted earnings per share was 98 cents, beating the analyst estimates of 95 cents.
Equities Trading UP
Abbott Laboratories (NASDAQ: INVO) shares shot up 203% to $2.35 after the company reported a ...