WNW - US Stocks Down; JM Smucker Posts Upbeat Earnings | Benzinga
U.S. stocks traded lower this morning, with the Nasdaq Composite falling over 50 points on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.23% to 36,120.88 while the NASDAQ fell 0.40% to 14,129.09. The S&P 500 also fell, dropping, 0.30% to 4,556.06.
Check This Out: Dave & Buster's Gears Up For Q3 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Leading and Lagging Sectors
Consumer staples shares fell by just 0.05% on Tuesday.
In trading on Tuesday, financial shares dipped by 0.6%.
Top Headline
J.M. Smucker Company (NYSE: SJM) reported better-than-expected earnings for its second quarter on Tuesday.
The company posted a second-quarter FY24 sales decline of 12% year-on-year to $1.94 billion, missing the analyst consensus of $1.95 billion. Adjusted EPS of $2.59 beat the consensus estimate of $2.47.
J.M. Smucker revised FY24 adjusted EPS guidance to $9.25 - $9.65 (prior $9.45 - $9.85) versus the consensus of $9.48.
Equities Trading UP
Volato Group, Inc. (NYSE: SOAR) shares shot up 72% to $15.13.
Shares of Allarity Therapeutics, Inc. (NASDAQ: ALLR) got a boost, shooting 67% to $1.0199 after the company announced initial results from its ongoing Phase 2 clinical trial evaluating the efficacy ...