SIEN - Gold Down Over 1%; Coca-Cola Posts Upbeat Sales | Benzinga
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling over 1% on Tuesday.
The Dow traded down 1.05% to 38,389.76 while the NASDAQ fell 1.16% to 15,757.13. The S&P 500 also fell, dropping, 1.01% to 4,970.94.
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Leading and Lagging Sectors
Utilities shares rose by 1.1% on Tuesday.
In trading on Tuesday, information technology shares fell by 0.8%.
Top Headline
Coca-Cola Company (NYSE: KO) posted better-than-expected sales for its fourth quarter.
Coca-Cola reported fourth-quarter 2023 sales of $10.8 billion, up 7% Y/Y, beating the consensus of $10.67 billion. The adjusted EPS of $0.49 came in line with the consensus estimate.
For fiscal year 2024, Coke forecasts organic revenue growth of 6%-7% and an increase in comparable EPS of 4%-5%.
Equities Trading UP
Beamr Imaging Ltd. (NASDAQ: BMR) shares shot up 55% to $15.43 after rallying more than 370% on Monday. Beamr Imaging priced $12 million public offering of 1,714,200 ordinary shares at $7 per share.
Shares of Whole Earth Brands, Inc. (NASDAQ: ...