CHGG - Nasdaq Dips Over 100 Points; Coca-Cola Earnings Top Views | Benzinga
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 100 points on Tuesday.
The Dow traded down 0.81% to 38,073.65 while the NASDAQ fell 0.80% to 15,855.75. The S&P 500 also fell, dropping, 0.70% to 5,080.52.
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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 1.6%.
Top Headline
Coca-Cola Company (NYSE:KO) reported better-than-expected first-quarter results on Tuesday.
Coca-Cola reported first-quarter FY24 sales growth of 3% year-on-year to $11.3 billion, beating the analyst consensus estimate of $11.01 billion. Adjusted EPS of 72 cents beat the consensus estimate of 70 cents.
Equities Trading UP
- Akili, Inc. (NASDAQ:AKLI) shares shot up 66% to $0.3956 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 AGBA Group Holding Limited (NASDAQ:AGBA) got a boost, surging 44% to $3.38 after the company highlighted plans for its previously-announced merger with Triller.
- Global Mofy Metaverse Limited (NASDAQ:GMM) shares were also up, gaining 54% to $1.43 after the company’s Gauss AI ...