WOOF - Nasdaq Falls Over 100 Points; TJX Posts Upbeat Q1 Results | Benzinga
U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling over 100 points on Wednesday.
The Dow traded down 0.71% to 39,588.89 while the NASDAQ fell 0.66% to 16,721.24. The S&P 500 also fell, dropping, 0.62% to 5,288.55.
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Leading and Lagging Sectors
Health care shares rose by 0.2% on Wednesday.
In trading on Wednesday, energy shares fell by 2%.
Top Headline
The TJX Companies, Inc. (NYSE:TJX) reported better-than-expected first-quarter financial results on Wednesday.
The company reported first-quarter FY25 sales growth of 5.9% year-on-year to $12.479 billion, beating the analyst consensus estimate of $12.463 billion. Overall comp store sales increased 3%. EPS of 93 cents beat the consensus estimate of 87 cents.
The company expects FY25 EPS of $4.03-$4.09 (up from $3.94-$4.02)
Equities Trading UP