TVTX - Dow Tumbles 200 Points; Darden Restaurants Posts Upbeat Profit | Benzinga
U.S. stocks traded lower toward the end of trading, with the Dow Jones falling around 200 points on Thursday.
The Dow traded down 0.58% to 34,239.48 while the NASDAQ fell 1.20% to 13,307.77. The S&P 500 also fell, dropping, 1.07% to 4,354.96.
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Leading and Lagging Sectors
Utilities shares fell by just 0.4% on Thursday.
In trading on Thursday, real estate shares tumbled by 2.5%.
Top Headline
Darden Restaurants Inc (NYSE: DRI) reported better-than-expected earnings for its first quarter.
Darden Restaurants reported first-quarter FY24 sales growth of 11.6% year-on-year to $2.73 billion, beating the analyst consensus estimate of $2.71 billion. Adjusted EPS of $1.78 beat the consensus estimate of $1.73.
Equities Trading UP
Murphy Canyon Acquisition Corp. (NASDAQ: MURF) shares shot up 39% to $17.90. Murphy Canyon Acquisition reported stockholder approval of the proposed combination with Conduit Pharmaceuticals.
Shares of Near Intelligence, Inc. (NASDAQ: NIR) got a boost, shooting 45% to $0.3030. Near Intelligence said it is a trusted partner of leading global commercial real estate companies seeking high-quality real estate analytics on any location, building or site.
Splunk Inc. (NASDAQ: SPLK) shares were also up, gaining 21% to $144.82. Cisco Systems, Inc (NASDAQ: CSCO) agreed to acquire Splunk for $157 per share in cash, representing approximately $28 billion in equity value.
Equities Trading DOWN
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