VKTX - Nasdaq Rises 50 Points; Lowe's Earnings Top Views | Benzinga
U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining around 50 points on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.07% to 39,043.13 while the NASDAQ rose 0.31% to 16,026.43. The S&P 500 also rose, gaining, 0.10% to 5,074.75.
Check This Out: Wall Street's Most Accurate Analysts' Views On 3 Risk Off Stocks With Over 5% Dividend Yields
Leading and Lagging Sectors
Utilities shares rose by 0.7% on Tuesday.
In trading on Tuesday, health care shares fell by 0.3%.
Top Headline
Lowe’s Companies Inc (NYSE: LOW) posted better-than-expected fourth-quarter results.
Lowe’s reported fourth-quarter FY23 sales of $18.60 billion, beating the analyst consensus estimate of $18.45 billion. EPS of $1.77 beat the consensus estimate of $1.68.
For FY24, Lowe’s expects revenue of $84 billion-$85 billion (against the Street view of $85.61 billion) and adjusted EPS of $12.00 – $12.30 vs. consensus of $12.95. The company expects comparable sales to decline about 2% to 3% in FY24.
Equities Trading UP
Janux Therapeutics, Inc. (NASDAQ: JANX) shares shot up 138% to $36.00 after the company announced updated clinical data for both of its clinical programs.
Shares of Infobird Co., Ltd (NASDAQ: IFBD) ...