U.S. stocks traded mixed toward the end of trading, with the Dow Jones gaining around 40 points on Thursday.
The Dow traded up 0.12% to 34,483.80 while the NASDAQ fell 1.03% to 13,729.03. The S&P 500, also fell, dropping, 0.40% to 4,447.66.
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Leading and Lagging Sectors
Utilities shares jumped by 1.3% on Thursday.
In trading on Thursday, information technology shares fell by 1.7%.
Top Headline
Science Applications International Corp (NYSE: SAIC) reported upbeat results for its second quarter.
The company posted a 3% revenue decline Y/Y to $1.78 billion, beating the consensus of $1.69 billion. Adjusted EPS of $2.05 beat the consensus of $1.62.
SAIC raised revenue guidance to $7.20 billion - $7.25 billion (from the prior $7.125 billion - $7.225 billion) vs. the consensus of $7.20 billion. The company increased adjusted EPS guidance to $7.20-$7.40 (from $7.00-$7.20 earlier), above the consensus of $7.16.
Equities Trading UP
Sigma Additive Solutions, Inc. (NASDAQ: SASI) shares shot up 34% to $0.2851 after the company announced plans to acquire NextTrip for around $48 million and sell assets of quality assurance software to strategic buyer.
Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ: WHLR) got a boost, shooting 59% to $7.24 after the company posted two forms that any holder of the Company's Series D Cumulative Convertible Preferred Stock is required to complete to redeem with redemption commencing in October 2023.
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