US Stocks Gain; Uber Posts Upbeat Sales



U.S. stocks traded higher this morning, with the Dow Jones gaining around 100 points on Wednesday.

Following the market opening Wednesday, the Dow traded up 0.25% to 38,618.79 while the NASDAQ rose 0.34% to 15,661.70. The S&P 500 also rose, gaining, 0.34% to 4,971.18.

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Leading and Lagging Sectors


Consumer discretionary shares rose by 0.7% on Wednesday.

In trading on Wednesday, utilities shares fell by 0.2%.


Top Headline


Uber Technologies, Inc (NYSE: UBER) reported better-than-expected fourth-quarter sales.

Uber reported fourth-quarter FY23 revenue growth of 15% year-on-year to $9.94 billion, beating the consensus of $9.76 billion. Uber’s GAAP EPS of $0.29 beat the consensus of $0.17.

Uber expects first-quarter gross bookings of $37.0 billion to $38.5 billion and an adjusted EBITDA of $1.26 billion to $1.34 billion.


Equities Trading UP


MicroCloud Hologram Inc. (NASDAQ: HOLO) shares shot up 147% to $3.7007. MicroCloud Hologram said it is planning to join the Communications Industry Association.

Shares of Glatfelter Corporation (NYSE: GLT) got a boost, surging 82% to $2.3301 after the company and Berry Global announced they entered into definitive agreements for Berry …

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