PNC - Gold Down 1%; PNC Financial Posts Upbeat Earnings | Benzinga
U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling around 350 points on Tuesday.
The Dow traded down 0.93% to 37,243.85 while the NASDAQ fell 0.58% to 14,885.45. The S&P 500 also fell, dropping, 0.66% to 4,752.36.
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Leading and Lagging Sectors
Information technology shares rose by 0.1% on Tuesday.
In trading on Tuesday, energy shares fell by 1.9%.
Top Headline
PNC Financial Services Group Inc (NYSE: PNC) reported better-than-expected earnings for its fourth quarter.
The bank reported a revenue decline of 7% year-over-year (Y/Y) to $5.36 billion, beating the consensus of $5.29 billion. Adjusted EPS of $3.16 came above the consensus of $2.94.
Equities Trading UP
DatChat, Inc. (NASDAQ: DATS) shares shot up 53% to $3.2292 after the company announced the proposed spin-off of its Habytat platform business.
Shares of Phunware, Inc. (NASDAQ: PHUN) got a boost, surging 282% to $0.29.
HomeStreet, Inc. (NASDAQ: HMST) shares were also up, gaining 44% to $15.46 after ...