SPR - Nasdaq Down Over 100 Points; Morgan Stanley Shares Fall After Q3 Earnings | Benzinga
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 100 points on Wednesday.
The Dow traded down 0.58% to 33,801.96 while the NASDAQ fell 0.87% to 13,415.37. The S&P 500 also fell, dropping, 0.78% to 4,338.99.
Check This Out: How To Earn $500 A Month From Bank of America After Earnings Beat
Leading and Lagging Sectors
Energy shares climbed by 1% on Wednesday.
In trading on Wednesday, industrials shares fell by 1.8%.
Top Headline
Shares of Morgan Stanley (NYSE: MS) fell around 7% on Wednesday after the company reported earnings for its third quarter.
Morgan Stanley posted quarterly net profit of $2.4 billion, or $1.38 per diluted share, compared to a net income of $2.6 billion or $1.47 in the prior year. Analysts were expecting earnings of $1.28 per share. The company reported revenues of $13.27 billion, beating the consensus of $12.58 billion.
Equities Trading UP
Spirit AeroSystems Holdings, Inc. (NYSE: SPR) shares shot up 24% to $21.37 after the company announced it reached an agreement with Boeing to support production stability. The company also issued guidance.
Shares of Treasure Global Inc. (NASDAQ: TGL) got a boost, ...