FUSN - Nasdaq Turns Higher; Caleres Posts Upbeat Q4 Results | Benzinga
U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 50 points on Tuesday.
The Dow traded up 0.63% to 39,034.59 while the NASDAQ rose 0.35% to 16,160.20. The S&P 500 also rose, gaining, 0.41% to 5,170.36.
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Leading and Lagging Sectors
Energy shares rose by 1% on Tuesday.
In trading on Tuesday, communication services shares fell by 0.2%.
Top Headline
Caleres Inc (NYSE: CAL) reported upbeat fourth-quarter results.
Caleres reported fourth-quarter FY23 sales growth of 0.1% year-on-year to $697.12 million, beating the analyst consensus estimate of $694.33 million. Adjusted EPS of 86 cents beat the analyst consensus of 85 cents.
Caleres expects first-quarter FY24 net sales to be flat to +1%. EPS to be in line with the fourth quarter of 2023 on an adjusted basis.
Equities Trading UP
Ontrak, Inc. (NASDAQ: OTRK) shares shot up 93% to $0.3675 ahead of the company's presentation at the 36th Annual Roth Conference.
Shares of Fusion Pharmaceuticals Inc. (NASDAQ: FUSN) got a boost, surging ...