Dow Gains Over 400 Points; Keurig Dr Pepper Shares Fall After Q4 Results

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U.S. stocks traded higher toward the end of trading, with the Dow Jones index jumping more than 400 points on Thursday.

The Dow traded up 1.13% to 39,048.47 while the NASDAQ rose 2.93% to 16,037.52. The S&P 500 also rose, gaining, 2.08% to 5,085.62.

Check This Out: Analog Devices To Rally Around 19%? Here Are 10 Top Analyst Forecasts For Thursday

 

Leading and Lagging Sectors

 

Information technology shares rose by 4% on Thursday.

In trading on Thursday, utilities shares fell by 0.4%.

 

Top Headline

 

Shares of Keurig Dr Pepper Inc. (NASDAQ: KDP) fell over 3% on Thursday after the company released results for its fourth quarter.

Keurig reported fourth-quarter adjusted EPS of 55 cents, breezing past the analyst consensus of 54 cents. Quarterly revenues of $3.867 billion marginally missed the street view of $3.914 billion.

 

Equities Trading UP

 

La Rosa Holdings Corp. (NASDAQ: LRHC) shares shot up 101% to $2.82 after the company disclosed that it has acquired a 100% interest in the La Rosa Realty Winter Garden franchise in Florida.

Shares of Root, Inc. (NASDAQ: ROOT) got a boost, surging 52% to $13.14 after the company reported better-than-expected fourth-quarter financial results. Following earnings, Cantor Fitzgerald upgraded the stock from Neutral to Overweight and raised its price target from $9 to $13.

Monopar Therapeutics Inc. (NASDAQ: MNPR) shares were also up, gaining 67% to $0.9560 after the company announced preclinical …

Full story available on Benzinga.com


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