VEV - Nasdaq Surges 1%; JPMorgan Posts Upbeat Earnings | Benzinga
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 1% on Friday.
The Dow traded up 0.85% to 40,090.44 while the NASDAQ rose 1.01% to 18,467.26. The S&P 500 also rose, gaining, 0.86% to 5,632.79.
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Leading and Lagging Sectors
Information technology shares jumped by 1.5% on Friday.
In trading on Friday, communication services shares fell by 0.2%.
Top Headline
JPMorgan Chase & Co. (NYSE:JPM) reported better-than-expected second-quarter FY24 results.
Reported revenue rose 22% Y/Y to $50.2 billion, beating the consensus of $42.3 billion. Net revenue (managed) stood at $51.0 billion (+20% Y/Y) in the quarter. Adjusted EPS of $4.40, exceeding the consensus of $4.19.
Equities Trading UP
- Vicinity Motor Corp. (NASDAQ:VEV) shares shot up 91% to $0.6471 after the company announced CARB certification for the VMC 1200 class 3 electric truck.
- Shares of Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN) got a boost, surging 50% to $9.01 following FY23 earnings.
- Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) shares ...