VERB - Nasdaq Down Over 100 Points; Hibbett Reports Downbeat Sales | Benzinga
U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 100 points on Friday.
Following the market opening Friday, the Dow traded down 0.28% to 38,797.24 while the NASDAQ fell 0.67% to 16,020.07. The S&P 500 also fell, dropping, 0.58% to 5,120.59.
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Leading and Lagging Sectors
Energy shares jumped by 0.6% on Friday.
In trading on Friday, information technology shares fell by 1.2%.
Top Headline
Hibbett Inc (NASDAQ: HIBB) reported downbeat fourth-quarter sales and issued weak guidance.
Hibbett reported fourth-quarter FY24 sales growth of 1.8% year-on-year to $466.59 million, missing the analyst consensus estimate of $477.49 million. EPS of $2.55 missed the consensus estimate of $2.56.
Hibbett expects FY25 sales to be flat to up 2%, with EPS of $8.00 – $8.75 versus the consensus of $8.82.
Equities Trading UP
Verb Technology Company, Inc. (NASDAQ: VERB) shares shot up 156% to $0.3580. VERB's MARKET.live launched Facebook and Instagram social shopping technology ...