Crude Oil Gains 3%; Kellanova Posts Upbeat Results

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U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite gaining around 30 points on Thursday.

The Dow traded down 0.01% to 38,675.29 while the NASDAQ rose 0.19% to 15,787.09. The S&P 500 also fell, dropping, 0.02% to 4,993.95.

Check This Out: Jim Cramer Likes Trane Technologies ‘Very Much’ But Carrier is ‘Undervalued Right Now’

 

Leading and Lagging Sectors

 

Energy shares rose by 0.7% on Thursday.

In trading on Thursday, utilities shares fell by 1.4%.

 

Top Headline

 

Kellanova (NYSE: K) reported better-than-expected fourth-quarter financial results.

Kellanova posted adjusted earnings of 78 cents per share, beating market estimates of 74 cents per share. The company’s quarterly sales came in at $3.17 billion versus expectations of $3.08 billion.

 

Equities Trading UP

 

Syra Health Corp. (NASDAQ: SYRA) shares shot up 425% to $6.04 after the company announced a partnership for a federal contract valued at $75 billion.

Shares of U Power Limited (NASDAQ: UCAR) got a boost, surging 49% to $0.0985. The company appointed Jean Christophe von Pfetten as an independent director and a member of the Board’s Audit Committee, Compensation Committee, and …

Full story available on Benzinga.com


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