NISN - S&P 500 Rises Over 1%; Citigroup Reports Upbeat Q2 Results | Benzinga
U.S. stocks traded higher toward the end of trading, with the Dow Jones index surging past the 40,000 mark on Friday.
The Dow traded up 1.09% to 40,187.34 while the NASDAQ rose 1.30% to 18,521.69. The S&P 500 also rose, gaining, 1.12% to 5,647.26.
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Leading and Lagging Sectors
Information technology shares jumped by 1.5% on Friday.
In trading on Friday, communication services shares fell by 0.2%.
Top Headline
Citigroup Inc (NYSE:C) reported better-than-expected results for its second quarter.
The bank posted a second-quarter fiscal 2024 revenue growth of 4% year-over-year to $20.14 billion, beating the analyst consensus estimate of $20.07 billion. GAAP EPS of $1.52 beat the analyst consensus estimate of $1.39.
Equities Trading UP
- Vicinity Motor Corp. (NASDAQ:VEV) shares shot up 114% to $0.7251 after the company announced CARB certification for the VMC 1200 class 3 electric truck.
- Shares of Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN) got a boost, surging 46% to $8.80 following FY23 earnings.
- Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) ...