SIDU - Nasdaq Tumbles Over 100 Points; GM Shares Gain On Earnings Beat | Benzinga
U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite falling more than 100 points on Tuesday.
The Dow traded up 0.23% to 38,421.03 while the NASDAQ fell 0.88% to 15,490.48. The S&P 500 also fell, dropping, 0.12% to 4,921.94.
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Leading and Lagging Sectors
Financials shares rose by 1% on Tuesday.
In trading on Tuesday, information technology shares fell by 0.8%.
Top Headline
Shares of General Motors Company (NYSE: GM) jumped over 8% on Tuesday after the company reported better-than-expected fourth-quarter financial results and issued 2024 adjusted EPS guidance above estimates.
General Motors reported a fourth-quarter FY23 sales decline of (0.3)% year-on-year to $42.98 billion, beating the analyst consensus estimate of $38.97 billion. Adjusted EPS of $1.24 beat the consensus estimate of $1.16.
Equities Trading UP
Pixelworks, Inc. (NASDAQ: PXLW) shares shot up 43% to $2.1201 after the company entered into a multi-year agreement with Walt Disney Studios.
Shares of Agrify Corporation (NASDAQ: AGFY) got a boost, surging 44% to $0.7323 after a 13D filing showed I-Tseng Jenny Chan reported a 49.99% ...