UNFI - 2 Winners Worth Watching as the Stock Market Falls Tuesday
Wall Street appears to be heading into the end of September on a downbeat note. Investors saw a substantial sell-off on Tuesday, led by a sustained increase in long-term Treasury bond yields that signaled potential interest rate increases down the road. At 11 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 396 points to 34,473. The S&P 500 (SNPINDEX: ^GSPC) had fallen 69 points to 4,374, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had moved lower by 344 points to 14,626.
Even amid big declines for many of the largest companies in the world, there was some good news for a few select stocks. Positive earnings played a role in driving shares of Thor Industries (NYSE: THO) and United Natural Foods (NYSE: UNFI) higher. Below, we'll take a closer look at why these little-known companies were able to buck the downward trend on Wall Street early Tuesday.
Shares of Thor Industries were higher by more than 9% on Tuesday morning. The manufacturer of recreational vehicles closed its 2021 fiscal year with record results.
For further details see:
2 Winners Worth Watching as the Stock Market Falls Tuesday