YUM - Nasdaq Surges Over 100 Points; Yum! Brands Posts Downbeat Results | Benzinga
U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 150 points on Wednesday.
The Dow traded up 0.47% to 38,701.01 while the NASDAQ rose 0.89% to 15,748.69. The S&P 500 also rose, gaining, 0.82% to 4,994.75.
Check This Out: Top 5 Energy Stocks That May Explode In February
Leading and Lagging Sectors
Consumer discretionary shares rose by 1.1% on Wednesday.
In trading on Wednesday, energy shares fell by 0.2%.
Top Headline
Yum! Brands Inc (NYSE: YUM) reported weaker-than-expected results for its fourth quarter on Wednesday.
The company posted fourth-quarter fiscal 2023 sales growth of 1% year-on-year to $2.04 billion, missing the analyst consensus estimate of $2.11 billion. Adjusted EPS was $1.26, below the consensus of $1.40.
Equities Trading UP
MicroCloud Hologram Inc. (NASDAQ: HOLO) shares shot up 497% to $8.95. The company announced it planned to join the Communications Industry Association. HOLO intends to join the Communications Industry Association to foster information technology innovation.
Shares of Glatfelter Corporation (NYSE: GLT) got a boost, surging 72% to $2.20 after the company and Berry Global announced they entered into definitive agreements for Berry to spin-off and merge the majority of its Health, ...