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Aug 22, 2024 10:00 AM

Dow Jumps 100 Points; BJ's Wholesale Earnings Top Estimates

U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 100 points on Thursday.

Following the market opening Thursday, the Dow traded up 0.27% to 40,998.86 while the NASDAQ rose 0.44% to 17,997.28. The S&P 500 also rose, gaining, 0.36% to 5,641.14.

Check This Out: IBM Is Doing A ‘Great Job,’ Jim Cramer Says, But Don’t Buy This Real Estate Stock

Leading and Lagging SectorsInformation technology shares climbed by 0.7% on Thursday.

In trading on Thursday, consumer discretionary shares fell by 0.1%.

Top Headline

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) reported better-than-expected second-quarter financial results.

Revenue growth of 4.9% Y/Y to $5.205 billion, beating the analyst consensus estimate of $5.145 billion. Total comparable club sales increased by 3.1%. Comparable club sales, excluding gasoline sales, increased by 2.4%.

Adjusted EPS of $1.09 beat the analyst consensus estimate of $1.00.

Equities Trading UP

Staffing 360 Solutions, Inc. (NASDAQ:STAF) shares shot up 171% to $3.19 after declining 8% on Wednesday.

Shares of SRIVARU Holding Limited (NASDAQ:SVMH) got a boost, surging ...

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