PALI - US Stocks Mixed; Amazon Posts Upbeat Earnings | Benzinga
U.S. stocks traded mixed this morning, with the Dow Jones gaining around 0.1% on Wednesday.
Following the market opening Wednesday, the Dow traded up 0.09% to 37,851.28 while the NASDAQ rose 0.04% to 15,663.99. The S&P 500 also fell, dropping, 0.16% to 5,027.53.
Leading and Lagging Sectors
Materials shares rose by 0.7% on Wednesday.
In trading on Wednesday, consumer staples shares fell by 0.7%.
Top Headline
Amazon.com Inc (NASDAQ:AMZN) reported upbeat results for its first quarter on Tuesday, but issued weak sales forecast for the second quarter.
The company reported first-quarter net sales of $143.3 billion, up 13% year-over-year. The net sales total beat a Street consensus estimate of $142.5 billion, according to data from Benzinga Pro.
Amazon is guiding for second-quarter net sales to be in a range of $144 billion to $149 billion. The analyst consensus ...