NRXP - Gold Down Over 2%; 3M Profit Beats Expectations | Benzinga
U.S. stocks traded lower toward the end of trading, with the Dow Jones falling around 1% on Tuesday.
The Dow traded down 0.99% to 38,005.55 while the NASDAQ fell 1.09% to 15,808.29. The S&P 500 also fell, dropping, 0.85% to 5,072.88.
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Leading and Lagging Sectors
Health care shares rose by 0.1% on Tuesday.
In trading on Tuesday, energy shares fell by 2.1%.
Top Headline
3M Company (NYSE:MMM) reported better-than-expected first-quarter 2024 results.
The company reported net sales of $8.00 billion, a slight decline of 0.35%Y/Y. Adjusted net sales totaled $7.72 billion, up 0.5% Y/Y, beating the consensus of $7.63 billion with 0.8% growth organic sales. Adjusted EPS was $2.39 compared to $1.97 in the prior-year quarter, beating the consensus of $2.10.
Equities Trading UP
- Akili, Inc. (NASDAQ:AKLI) shares shot up 64% to $0.3862 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 GeneDx Holdings Corp. (NASDAQ:WGS) got a boost, surging 47% to $16.17 after the company reported better-than-expected first-quarter financial results and raised its FY2024 sales guidance.
- Global Mofy Metaverse Limited (NASDAQ:GMM) shares were also up, ...