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U.S. stocks traded mostly higher toward the end of trading, with the Dow Jones index gaining over 300 points on Wednesday.
The Dow traded up 0.78% to 39,589.55 while the NASDAQ fell 0.02% to 16,312.74. The S&P 500 also rose, gaining, 0.36% to 5,222.18.
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Leading and Lagging Sectors
Utilities shares jumped by 2% on Wednesday.
In trading on Wednesday, communication services shares fell by 0.5%.
Top Headline
Cintas Corporation (NASDAQ: CTAS) reported better-than-expected third-quarter financial results and raised FY24 guidance.
Cintas posted GAAP earnings of $3.84 per share, beating market estimates of $3.59 per share. The company’s quarterly sales came in at $2.406 billion, versus expectations of $2.386 billion, according to data from Benzinga Pro.
Cintas increased FY24 annual revenue expectations from $9.48 billion-$9.56 billion to $9.57 billion-$9.60 billion (estimate: $9.56 billion). The firm raised EPS outlook from $14.35-$14.65 to $14.80-$15.00 (estimate: $14.60).
Equities Trading UP
Lixte Biotechnology Holdings, Inc. (NASDAQ: LIXT) shares shot up 44% to $3.2571 after the company announced the publication of pre-clinical data on its lead clinical ...