U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling more than 100 points on Thursday.
The Dow traded down 0.35% to 38,905.20 while the NASDAQ fell 0.13% to 16,156.28. The S&P 500 also fell, dropping, 0.25% to 5,152.46.
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Leading and Lagging Sectors
Energy shares jumped by 0.8% on Thursday.
In trading on Thursday, real estate shares fell by 2.4%.
Top Headline
Dick’s Sporting Goods Inc (NYSE: DKS) reported better-than-expected fourth-quarter results and issued strong guidance.
Dick’s Sporting Goods reported fourth-quarter FY23 sales growth of 7.8% year-on-year to $3.876 billion, beating the analyst consensus estimate of $3.796 billion. Adjusted EPS of $3.85 beat the analyst consensus of $3.35.
Dick’s Sporting Goods sees FY24 EPS of $12.85 – $13.25 versus the consensus of $12.90. The company expects FY24 net sales of $13 billion – $13.13 billion, against an estimate of $13.131 billion.
Equities Trading UP
Turtle Beach Corporation (NASDAQ: HEAR) shares shot up 27% to $13.97 after the company announced the acquisition of PDP and its intention to launch a modified "Dutch Auction" Tender Offer. The company also reported ...