VLD - S&P 500 Down 1%; Delta Air Lines Posts Upbeat Earnings | Benzinga
U.S. stocks traded lower toward the end of trading, with the S&P 500 falling around 1% on Wednesday.
The Dow traded down 1.15% to 38,438.09 while the NASDAQ fell 0.89% to 16,162.29. The S&P 500 also fell, dropping, 0.95% to 5,160.20.
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Leading and Lagging Sectors
Energy shares rose by 0.3% on Wednesday.
In trading on Wednesday, real estate shares tumbled by 4.3%.
Top Headline
Delta Air Lines, Inc. (NYSE: DAL) reported better-than-expected first-quarter earnings.
Delta reported a first-quarter 2024 operating revenue growth of 8% year-over-year to $13.748 billion and adjusted operating revenue of $12.563 billion (+6% YoY), beating the consensus of $12.57 billion. Adjusted EPS was 45 cents, above the consensus of 36 cents.
Equities Trading UP
Marin Software Incorporated (NASDAQ: MRIN) shares shot up 144% to $0.70 after the company announced upgrades to its integration with Microsoft Advertising.
Shares of Adial Pharmaceuticals, Inc. (NASDAQ: ADIL) got a boost, surging 84% to $2.08 after the company announced the publication of a peer-reviewed article highlighting ...