UBER - Nasdaq Down Over 50 Points; Uber Posts Q1 Loss | Benzinga
U.S. stocks traded lower this morning, with the Nasdaq Composite falling over 50 points on Wednesday.
Following the market opening Wednesday, the Dow traded down 0.05% to 38,863.85 while the NASDAQ fell 0.37% to 16,272.05. The S&P 500 also fell, dropping, 0.17% to 5,179.08.
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Leading and Lagging Sectors
Utilities shares rose by 0.2% on Wednesday.
In trading on Wednesday, real estate shares fell by 0.9%.
Top Headline
Uber Technologies, Inc (NYSE:UBER) posted weaker-than-expected fiscal first-quarter financial results.
Uber reported fiscal first-quarter 2024 revenue growth of 15% year-on-year to $10.10 billion, marginally missing the analyst consensus estimate of $10.11 billion. Uber’s GAAP EPS of 32 cents loss missed the analyst consensus estimate of 23 cents.
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