MED - Dow Tumbles 200 Points; McDonald's Posts Downbeat Earnings | Benzinga
U.S. stocks traded lower this morning, with the Dow Jones index falling more than 200 points on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.59% to 38,159.97 while the NASDAQ fell 0.23% to 15,945.74. The S&P 500 also fell, dropping, 0.23% to 5,104.26.
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Leading and Lagging Sectors
Health care shares rose by 0.5% on Tuesday.
In trading on Tuesday, materials shares fell by 0.7%.
Top Headline
McDonald's Corp (NYSE:MCD) reported mixed first-quarter results on Tuesday.
McDonald's reported first-quarter FY24 sales growth of 4.6% year-on-year to $6.17 billion, beating the analyst consensus estimate of $6.155 billion. Adjusted EPS of $2.70 missed the consensus estimate of $2.72.
Equities Trading UP
- Akili, Inc. (NASDAQ:AKLI) shares shot up 64% to $0.3849 after the company announced Shionogi has canceled and forgiven a $5.0 million long-term debt obligation and agreed to make certain payments for SDT-001.
- Shares of AGBA Group Holding Limited (NASDAQ:AGBA) got a boost, surging 61% to $3.78 after the company highlighted plans for its previously-announced merger with Triller.
- Global Mofy Metaverse Limited (NASDAQ:GMM) shares were also up, ...