Tech Shares Move Higher, Nasdaq Jumps 200 Points
U.S. stocks traded higher midway through trading, with the NASDAQ Composite gaining more than 200 points on Wednesday. The Dow traded up 0.29% to 31,920.00 while the NASDAQ rose 1.76% to 11,919.51. The SP also rose, gaining, 0.82% to 3,969.13. Also check this: Global Cryptocurrency Market Cap Surpasses This Major Level, Here Are The Top Crypto Movers For Tuesday Leading and Lagging Sectors Consumer discretionary shares rose 1.5% on Wednesday. Meanwhile, top gainers in the sector included Workhorse Group Inc. (NASDAQ: WKHS ), up 16% and AMCON Distributing Company (NYSE: DIT ) up 14%. In trading on Wednesday, health care shares fell 0.5%. Top Headline Abbott Laboratories (NYSE: ABT ) reported better-than-expected earnings for its second quarter and raised its forecast. The company reported Q2 FY22 adjusted EPS of $1.43, up 22.2% Y|Y, better than the consensus of $1.12. Q2 sales of $11.3 billion increased 10.1% on a reported basis and 14.3% on an organic basis, beating the consensus of $10.29 billion.
Tech Shares Move Higher, Nasdaq Jumps 200 Points
U.S. stocks traded higher midway through trading, with the NASDAQ Composite gaining more than 200 points on Wednesday. The Dow traded up 0.29% to 31,920.00 while the NASDAQ rose 1.76% to 11,919.51. The SP also rose, gaining, 0.82% to 3,969.13. Also check this: Global Cryptocurrency Market Cap Surpasses This Major Level, Here Are The Top Crypto Movers For Tuesday Leading and Lagging Sectors Consumer discretionary shares rose 1.5% on Wednesday. Meanwhile, top gainers in the sector included Workhorse Group Inc. (NASDAQ: WKHS ), up 16% and AMCON Distributing Company (NYSE: DIT ) up 14%. In trading on Wednesday, health care shares fell 0.5%. Top Headline Abbott Laboratories (NYSE: ABT ) reported better-than-expected earnings for its second quarter and raised its forecast. The company reported Q2 FY22 adjusted EPS of $1.43, up 22.2% Y|Y, better than the consensus of $1.12. Q2 sales of $11.3 billion increased 10.1% on a reported basis and 14.3% on an organic basis, beating the consensus of $10.29 billion.