TVTX - Gold Down Over 1%; FedEx Shares Rise On Earnings Beat | Benzinga
U.S. stocks traded lower midway through trading, with the Dow Jones falling around 150 points on Thursday.
The Dow traded down 0.46% to 34,284.15 while the NASDAQ fell 1.05% to 13,327.80. The S&P 500 also fell, dropping, 0.95% to 4,360.19.
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Leading and Lagging Sectors
Information technology shares fell by just 0.5% on Thursday.
In trading on Thursday, consumer discretionary shares tumbled by 1.9%.
Top Headline
FedEx Corp (NYSE: FDX) shares gained over 4% on Wednesday after the company reported better-than-expected earnings for its first quarter, while sales missed estimates. The company lowered its full-year revenue guidance, but raised its earnings outlook.
FedEx reported first-quarter revenue of $21.7 billion, which missed the consensus estimate of $21.81 billion. The company reported quarterly earnings of $4.55 per share, which beat analyst estimates of $3.74 per share.
Equities Trading UP
Murphy Canyon Acquisition Corp. (NASDAQ: MURF) shares shot up 42% to $18.21. Murphy Canyon Acquisition reported stockholder approval of the proposed combination with Conduit Pharmaceuticals.
Shares of Near Intelligence, Inc. (NASDAQ: NIR) got a boost, shooting 46% to $0.3061. 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 $144.78. Cisco Systems, Inc (NASDAQ: CSCO) agreed to acquire Splunk for $157 per ...