K - US Stocks Higher; Kellanova Sales Top Estimates | Benzinga
U.S. stocks traded higher this morning, with the Dow Jones gaining around 90 points on Wednesday
Following the market opening Wednesday, the Dow traded up 0.27% to 34,244.50 while the NASDAQ rose 0.20% to 13,667.28. The S&P 500 also rose, gaining, 0.25% to 4,389.24.
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Leading and Lagging Sectors
Real estate shares jumped by 0.7% on Wednesday.
In trading on Wednesday, utilities shares fell by 1%.
Top Headline
Kellanova (NYSE: K) reported better-than-expected sales for its third quarter.
Kellanova posted adjusted earnings of $1.03 per share, beating market estimates of 82 cents per share. The company’s quarterly sales came in $3.94 billion versus expectations of $3.62 billion.
The company said it sees full-year 2023 adjusted sales of $2.72 billion to $2.74 billion.
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