VRPX - Gold Rises Over 1%; Arcos Dorados Shares Fall After Q1 Results | Benzinga
U.S. stocks traded higher toward the end of trading, with the S&P 500 gaining around 1% on Wednesday.
The Dow traded up 0.68% to 39,827.63 while the NASDAQ rose 1.29% to 16,723.91. The S&P 500 also rose, gaining, 1.03% to 5,300.57.
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Utilities shares rose by 1.5% on Wednesday.
In trading on Wednesday, energy shares fell by 0.8%.
Top Headline
Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) fell around 5% on Wednesday after reporting results for its first quarter
The company reported total revenues of $1.081 billion in the first quarter, up 9.1% versus the prior year. Quarterly sales marginally beat the analyst consensus of $1.020 billion. Arcos Dorados reported first-quarter earnings per share of 14 cents, missing the street view of 17 cents.
Equities Trading UP