Nasdaq Rises 100 Points; BJ’s Wholesale Posts Weak Sales

by

in

U.S. stocks traded higher this morning, with the Nasdaq Composite gaining over 100 points on Thursday.

Following the market opening Thursday, the Dow traded up 0.47% to 38,843.54 while the NASDAQ rose 0.66% to 16,137.37. The S&P 500 also rose, gaining, 0.57% to 5,134.03.

Check This Out: Top 3 Health Care Stocks That Could Lead To Your Biggest Gains In March

 

Leading and Lagging Sectors

 

Materials shares jumped by 1.3% on Thursday.

In trading on Thursday, health care shares rose by just 0.2%.

 

Top Headline

 

BJ’s Wholesale Club Holdings Inc (NYSE: BJ) reported downbeat sales for its fourth quarter.

BJ’s Wholesale reported fourth-quarter FY23 sales growth of 8.7% year-on-year to $5.36 billion, missing the analyst consensus of $5.39 billion. Adjusted EPS of $1.11 beat the analyst consensus estimate of $1.06.

 

Equities Trading UP

 

Lytus Technologies Holdings PTV. Ltd. (NASDAQ: LYT) shares shot up 411% to $11.81 after the company announced the launch of Lytus Cloud.

Shares of CERo Therapeutics Holdings, Inc. (NASDAQ: CERO) got a boost, surging 158% to $6.58. CERo Therapeutics Announced the publication in clinical cancer research a paper titled “Therapeutic Targeting …

Full story available on Benzinga.com


Comments

Leave a Reply

Your email address will not be published.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