M - Gold Moves Lower; Macy's Boosts 2024 Forecast | Benzinga
U.S. stocks traded mostly higher toward the end of trading, with the Dow Jones index gaining around 0.1% on Tuesday.
The Dow traded up 0.07% to 39,835.87 while the NASDAQ rose 0.06% to 16,805.01. The S&P 500 also rose, gaining, 0.12% to 5,314.54 .
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Leading and Lagging Sectors
Utilities shares rose by 0.6% on Tuesday.
In trading on Tuesday, industrials shares fell by 0.3%.
Top Headline
Macy's Inc (NYSE:M) reported better-than-expected first-quarter adjusted earnings and raised the outlook.
The company reported a first-quarter FY24 sales decline of 2.7% year-on-year to $4.846 billion, slightly missing the analyst consensus of $4.86 billion. Adjusted EPS of 27 cents beat the analyst consensus of 15 cents.
Macy's updated FY24 sales outlook from $22.2 billion – $22.9 billion to $22.3 billion – $22.9 billion, against the consensus of $22.81 billion. The company raised FY24 adjusted EPS guidance from $2.45 – $2.85 ...