STSS - US Stocks Open Higher; Costco Posts Upbeat Earnings | Benzinga
U.S. stocks traded higher this morning, with the Nasdaq Composite gaining around 50 points on Wednesday.
Following the market opening Wednesday, the Dow traded up 0.14% to 33,664.90 while the NASDAQ rose 0.48% to 13,125.81. The S&P 500 also rose, gaining, 0.36% to 4,288.74.
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Leading and Lagging Sectors
Energy shares rose by 1.4% on Wednesday.
In trading on Wednesday, utilities shares fell by 0.2%.
Top Headline
Costco Wholesale Corporation (NASDAQ: COST) reported better-than-expected earnings and sales results for its fourth quarter on Tuesday.
Total revenues came in at $78.939 billion, which beat the consensus estimate of $77.9 billion. The retailer reported quarterly earnings of $4.86 per share, which beat analyst estimates of $4.79 per share.
Equities Trading UP
ShiftPixy, Inc. (NASDAQ: PIXY) shares shot up 207% to $1.33. The company announced the effective date for its reverse stock split after the close. Shareholders voted to approve a reverse split on Aug. 21. After the closing bell on Tuesday, ShiftPixy said the one-for-twenty-four reverse split will take effect on Sept. 30.
Shares of SciSparc Ltd. (NASDAQ: SPRC) got a boost, shooting 55% to $0.24. The company reported its previously announced 1-for-26 reverse ...