TGI - Nasdaq Gains 100 Points; CarMax Earnings Top Views | Benzinga
U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 100 points on Thursday.
The Dow traded up 0.37% to 37,218.15 while the NASDAQ rose 0.73% to 14,885.76. The S&P 500 also rose, gaining, 0.50% to 4,721.72.
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Leading and Lagging Sectors
Materials shares jumped by 0.7% on Thursday.
In trading on Thursday, utilities shares fell by 0.4%.
Top Headline
Shares of CarMax, Inc. (NYSE: KMX) gained during Thursday’s session following better-than-expected quarterly earnings.
KMX reported a third-quarter sales decline of 5.5% year-on-year to $6.15 billion, missing the analyst consensus estimate of $6.33 billion. EPS of $0.52 beat the consensus estimate of $0.44.
Equities Trading UP
Triumph Group, Inc. (NYSE: TGI) shares shot up 32% to $16.17 after the company entered into a definitive agreement with AAR to sell its Product Support business.
Shares of HOOKIPA Pharma Inc. (NASDAQ: HOOK) got a boost, surging 76% to $0.9923 after the company announced a $21.25 million equity investment from Gilead Sciences.
Annexon, Inc. (NASDAQ: ANNX) shares were also up, gaining 21% to $3.4750. On Wednesday, Annexon Inc (NASDAQ: