WSM - US Stocks Mixed; Williams-Sonoma Earnings Top Views | Benzinga
U.S. stocks traded mixed this morning, with the Nasdaq Composite falling around 50 points on Wednesday.
Following the market opening Wednesday, the Dow traded up 0.08% to 39,037.74 while the NASDAQ fell 0.37% to 16,206.04. The S&P 500 also rose, gaining, 0.11% to 5,169.68.
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Leading and Lagging Sectors
Energy shares jumped by 1.6% on Wednesday.
In trading on Wednesday, information technology shares fell by 0.9%.
Top Headline
Williams-Sonoma, Inc. (NYSE: WSM) posted better-than-expected earnings for its fourth quarter on Wednesday.
Williams-Sonoma posted quarterly earnings of $5.44 per share, beating market estimates of $5.12 per share. The company’s quarterly sales came in at $2.28 billion versus expectations of $2.23 billion.
The company announced a new $ 1 billion stock repurchase authorization and increased its quarterly dividend.
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Gaxos.ai Inc. (NASDAQ: GXAI) shares shot up 129% to $12.19 after the company announced it acquired the rights to use certain AI-enabled technology from Ultiself.
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