Mid-Day Market Update: Gold Drops Over 1%; StoneMor Shares Jump
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 80 points on Wednesday. The Dow traded up 0.11% to 31,964.07 while the NASDAQ rose 0.79% to 11,353.35. The SP also rose, gaining, 0.40% to 3,957.27. Also check this: Home Depot And 2 Other Stocks Insiders Are Buying Leading and Lagging Sectors Consumer discretionary shares rose by 2.3% on Wednesday. Meanwhile, top gainers in the sector included StoneMor Inc. (NYSE: STON ), up 51% and Caleres, Inc. (NYSE: CAL ) up 29%. In trading on Wednesday, health care shares fell 0.3%. Top Headline DICK''S Sporting Goods, Inc. (NYSE: DKS ) reported upbeat earnings and sales results for its first quarter. Dick''s posted quarterly adjusted earnings of $2.85 per share, beating analysts’ estimates of $2.47 per share. The company’s sales came in at $2.70 billion, versus expectations of $2.59 billion. Dick''s said it sees FY22 adjusted EPS of $9.15 to $11.70 and comparable store sales of negative 8% to negative 2%.
Mid-Day Market Update: Gold Drops Over 1%; StoneMor Shares Jump
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 80 points on Wednesday. The Dow traded up 0.11% to 31,964.07 while the NASDAQ rose 0.79% to 11,353.35. The SP also rose, gaining, 0.40% to 3,957.27. Also check this: Home Depot And 2 Other Stocks Insiders Are Buying Leading and Lagging Sectors Consumer discretionary shares rose by 2.3% on Wednesday. Meanwhile, top gainers in the sector included StoneMor Inc. (NYSE: STON ), up 51% and Caleres, Inc. (NYSE: CAL ) up 29%. In trading on Wednesday, health care shares fell 0.3%. Top Headline DICK''S Sporting Goods, Inc. (NYSE: DKS ) reported upbeat earnings and sales results for its first quarter. Dick''s posted quarterly adjusted earnings of $2.85 per share, beating analysts’ estimates of $2.47 per share. The company’s sales came in at $2.70 billion, versus expectations of $2.59 billion. Dick''s said it sees FY22 adjusted EPS of $9.15 to $11.70 and comparable store sales of negative 8% to negative 2%.