KHC - Nasdaq Gains 100 Points; Kraft Heinz Sales Miss Views | Benzinga
U.S. stocks traded higher this morning, with the Nasdaq Composite gaining over 100 points on Wednesday.
Following the market opening Wednesday, the Dow traded up 0.20% to 38,350.89 while the NASDAQ rose 0.74% to 15,772.10. The S&P 500 also rose, gaining, 0.55% to 4,980.23.
Check This Out: Snap, American Express And 2 Other Stocks Insiders Are Selling
Leading and Lagging Sectors
Industrials shares rose by 1% on Wednesday.
In trading on Wednesday, consumer staples shares fell by 0.4%.
Top Headline
The Kraft Heinz Company (NASDAQ: KHC) reported weaker-than-expected sales for its fourth quarter.
Kraft Heinz posted adjusted earnings of 78 cents per share, beating market estimates of 77 cents per share. The company’s quarterly sales came in at $6.86 billion, missing expectations of $6.98 billion.
Equities Trading UP
Datasea Inc. (NASDAQ: DTSS) shares shot up 752% to $12.02. On Tuesday, Datasea posted a narrower second-quarter loss.