RSLS - S&P 500 Down 0.5%; Abercrombie & Fitch Earnings Top Views | Benzinga
U.S. stocks traded lower toward the end of trading, with the S&P 500 falling around 0.5% on Wednesday.
The Dow traded down 0.97% to 38,474.85 while the NASDAQ fell 0.28% to 16,972.28. The S&P 500 also fell, dropping, 0.54% to 5,277.30.
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Leading and Lagging Sectors
Information technology shares fell by just 0.2% on Wednesday.
In trading on Wednesday, energy shares dipped by 1.9%.
Top Headline
Abercrombie & Fitch Co (NYSE:ANF) posted better-than-expected first-quarter financial results and raised guidance.
The company reported first-quarter FY24 sales growth of 22% year-on-year to $1.02 billion, beating the analyst consensus estimate of $ 963.26 million. Comparable sales jumped 21%. Adjusted EPS of $2.14 beat the analyst consensus estimate of $1.73.
Equities Trading UP
- ReShape Lifesciences Inc. (NASDAQ:RSLS) shares shot up 38% to $0.2863 after the company announced that it received a notice of allowance for its U.S. patent application 17/572,387 titled “INTRAGASTRIC DEVICE (FOR TREATING OBESITY)”
- Shares of Brand Engagement Network, Inc. (NASDAQ:BNAI) got a boost, surging 86% to $2.3603 after the company announced a $4.95 million private placement and ...