VERA - Nasdaq Edges Lower; American Airlines Posts Upbeat Earnings | Benzinga
U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite turning lower on Thursday.
The Dow traded up 0.25% to 37,900.45 while the NASDAQ fell 0.13% to 15,462.53. The S&P 500 also rose, gaining, 0.19% to 4,877.88.
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Leading and Lagging Sectors
Energy shares rose by 1.7% on Thursday.
In trading on Thursday, consumer discretionary shares fell by 1.5%.
Top Headline
American Airlines Group Inc (NASDAQ: AAL) reported better-than-expected fourth-quarter results.
American Airlines reported a 75% drop in adjusted earnings to 29 cents per share in the fourth quarter of 2023 but still came in well above the consensus estimate of 10 cents per share. Total revenue decreased 1% to $13.06 billion, just beating estimates of $13.02 billion.
American Airlines expects its full-year 2024 adjusted earnings per diluted share of $2.25-$3.25 versus the consensus of $2.25.
Equities Trading UP
Vera Therapeutics, Inc. (NASDAQ: VERA) shares shot up 53% to $25.97 after the company announced 72-week data from the OLE period of its Phase 2b ORIGIN clinical trial. Also, Oppenheimer initiated coverage on the stock with an Outperform rating and announced a $26 price target.
Shares of Processa ...