Nasdaq Down Over 2%; Marriott Earnings Top Views

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U.S. stocks traded lower toward the end of trading, with the Dow Jones index dipping over 700 points on Tuesday.

The Dow traded down 1.81% to 38,096.28 while the NASDAQ fell 2.13% to 15,603.71. The S&P 500 also fell, dropping, 1.79% to 4,931.86.

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Leading and Lagging Sectors

 

Energy shares fell by just 0.5% on Tuesday.

In trading on Tuesday, real estate shares dipped by 2.3%.

 

Top Headline

 

Marriott International (NASDAQ: MAR) reported mixed fourth-quarter financial results and issued FY24 earnings guidance below estimates.

Marriott International reported fourth-quarter adjusted earnings per share of $3.57, beating the analyst consensus of $2.12. The company reported revenue of $6.095 billion, missing the consensus of $6.20 billion.

Marriott International expects first-quarter adjusted EPS of $2.12-$2.19 versus the $2.30 estimate. The company projects FY24 adjusted EPS of $9.18-$9.52 versus the $9.69 estimate.

 

Equities Trading UP

 

Beamr Imaging Ltd. (NASDAQ: BMR) shares shot up 53% to $15.23 after rallying more than 370% on Monday. Beamr Imaging priced $12 million public offering of 1,714,200 ordinary shares …

Full story available on Benzinga.com