T - Nasdaq Falls 100 Points; AT&T Posts Upbeat Earnings | Benzinga
U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling around 100 points on Thursday.
The Dow traded down 0.43% to 33,520.17 while the NASDAQ fell 0.75% to 13,214.04. The S&P 500 also fell, dropping, 0.62% to 4,287.95.
Check This Out: Best Buy To Rally More Than 21%? Here Are 10 Top Analyst Forecasts For Thursday
Leading and Lagging Sectors
Communication services shares climbed by 1% on Thursday.
In trading on Thursday, consumer discretionary shares fell by 1.7%.
Top Headline
AT&T Inc (NYSE: T) reported better-than-expected third-quarter financial results.
AT&T reported third-quarter FY23 operating revenues of $30.35 billion, up 1% year-over-year, beating the consensus of $28.69 billion. Adjusted EPS of $0.64 beat the consensus of $0.59.
AT&T now expects full-year adjusted EBITDA growth of better than 4% versus prior guidance of 3%+.
Equities Trading UP
SAB Biotherapeutics, Inc. (NASDAQ: SABS) shares shot up 27% to $0.7899 after the company announced it received Australian approval to commence the Phase 1 clinical trial of SAB-142.
Shares of Spectral AI, Inc. (NASDAQ: MDAI) got a boost, shooting 32% to $3.4099 after the company announced that its ...