VRM - Dow Tumbles 150 Points; Procter & Gamble Shares Rise On Upbeat Earnings | Benzinga
U.S. stocks traded lower midway through trading, with the Dow Jones index falling around 150 points on Tuesday.
The Dow traded down 0.43% to 37,837.65 while the NASDAQ fell 0.01% to 15,358.79. The S&P 500 also fell, dropping, 0.03% to 4,849.05.
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Leading and Lagging Sectors
Consumer staples shares rose by 0.8% on Tuesday.
In trading on Tuesday, real estate shares fell by 0.7%.
Top Headline
Shares of Procter & Gamble Company (NYSE: PG) gained on Tuesday after the company posted upbeat earnings for its second quarter.
The company reported second-quarter FY24 sales growth of 3% year-over-year to $21.441 billion, marginally missing the consensus of $21.47 billion. Adjusted EPS of $1.84 beat the consensus of $1.70.
For FY24, the company said it expects core EPS of $6.37-$6.43 (prior view $6.25-$6.43) versus the $6.41 estimate.
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