SWIN - Nasdaq Rises 100 Points; BJ's Wholesale Posts Weak Sales | Benzinga
U.S. stocks traded higher this morning, with the Nasdaq Composite gaining over 100 points on Thursday.
Following the market opening Thursday, the Dow traded up 0.47% to 38,843.54 while the NASDAQ rose 0.66% to 16,137.37. The S&P 500 also rose, gaining, 0.57% to 5,134.03.
Check This Out: Top 3 Health Care Stocks That Could Lead To Your Biggest Gains In March
Leading and Lagging Sectors
Materials shares jumped by 1.3% on Thursday.
In trading on Thursday, health care shares rose by just 0.2%.
Top Headline
BJ’s Wholesale Club Holdings Inc (NYSE: BJ) reported downbeat sales for its fourth quarter.
BJ’s Wholesale reported fourth-quarter FY23 sales growth of 8.7% year-on-year to $5.36 billion, missing the analyst consensus of $5.39 billion. Adjusted EPS of $1.11 beat the analyst consensus estimate of $1.06.
Equities Trading UP
Lytus Technologies Holdings PTV. Ltd. (NASDAQ: LYT) shares shot up 411% to $11.81 after the company announced the launch of Lytus Cloud.
Shares of CERo Therapeutics Holdings, Inc. (NASDAQ: CERO) got a boost, surging 158% to $6.58. CERo Therapeutics Announced the publication in clinical cancer research a paper titled "Therapeutic Targeting ...