STZ - Nasdaq Jumps 250 Points; Crude Oil Down 1% | Benzinga
U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite surging more than 250 points on Thursday.
The Dow traded up 0.18% to 38,532.50 while the NASDAQ rose 1.63% to 16,433.83. The S&P 500 also rose, gaining, 0.83% to 5,203.26.
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Leading and Lagging Sectors
Information technology shares rose by 2.2% on Thursday.
In trading on Thursday, energy shares fell by 0.3%.
Top Headline
Constellation Brands Inc (NYSE: STZ) reported better-than-expected fourth-quarter earnings.
Constellation Brands reported fourth-quarter FY24 sales growth of 7.1% year-on-year to $2.14 billion, beating the analyst consensus estimate of $2.10 billion. Comparable EPS, excluding Canopy EIE, was $2.30. Comparable EPS of $2.26 beat the consensus estimate of $2.09.
Equities Trading UP
Rallybio Corporation (NASDAQ: RLYB) shares shot up 87% to $3.0419 after the company announced a collaboration with Johnson & Johnson to advance therapeutics for pregnant individuals at risk of FNAIT.
Shares of Eliem ...