SMCI - Nasdaq Down Over 1%; Procter & Gamble Raises Profit Forecast | Benzinga
U.S. stocks traded mixed midway through trading, with the Nasdaq Composite falling over 150 points on Friday.
The Dow traded up 0.43% to 37,938.78 while the NASDAQ fell 1.20% to 15,414.32. The S&P 500 also fell, dropping, 0.43% to 4,989.44 .
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Leading and Lagging Sectors
Energy shares climbed by 1.5% on Friday.
In trading on Friday, communication services shares fell by1.2%.
Top Headline
Procter & Gamble Co (NYSE:PG) fell around 8% during Friday's session following first-quarter results.
Procter & Gamble reported third-quarter FY24 sales growth of 1% year-on-year to $20.195 billion, missing the analyst consensus estimate of $20.408 billion. Adjusted EPS of $1.52 beat the consensus estimate of $1.41.
P&G maintained its guidance range for FY24 organic sales growth of 4%-5% and all-in sales growth of 2%-4%. P&G raised its FY24 EPS growth outlook from -1% to inline to a range of 1% to 2% versus FY23 EPS of $5.90.
Equities Trading UP
Ault Alliance, Inc. (NYSE:AULT) shares shot up 25% to $0.3036 after the company announced that it received an investment of $44 million ...