Dow Dips Over 100 Points; Analog Devices Posts Upbeat Earnings



U.S. stocks traded lower this morning, with the Dow Jones index falling over 100 points on Wednesday.

Following the market opening Wednesday, the Dow traded down 0.31% to 38,443.33 while the NASDAQ fell 0.58% to 15,540.19. The S&P 500 also fell, dropping, 0.28% to 4,961.55.

Check This Out: Top 4 Tech Stocks That May Crash This Month


Leading and Lagging Sectors


Consumer discretionary shares rose by 0.8% on Wednesday.

In trading on Wednesday, information technology shares fell by 1%.


Top Headline


Analog Devices, Inc. (NASDAQ: ADI) posted upbeat first-quarter earnings, but issued a weak forecast for the current quarter.

Analog Devices posted adjusted earnings of $1.73 per share, beating market estimates of $1.71 per share. The company’s quarterly sales came in at $2.51 billion versus expectations of $2.50 billion.

Analog Devices said it sees second-quarter adjusted EPS of $1.16 to $1.36 versus estimates of $1.57. The company expects revenue of $2 billion to $2.2 billion versus expectations of $2.36 billion.


Equities Trading UP


Greenbrook TMS Inc. (NASDAQ: …

Full story available on


Leave a Reply

Your email address will not be published. Required fields are marked *