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Aug 27, 2024 9:50 AM

US Stocks Mixed; ScanSource Reports Weak Q4 Results

U.S. stocks traded mixed this morning, with the Dow Jones index gaining over 50 points on Tuesday.

Following the market opening Tuesday, the Dow traded up 0.16% to 41,240.52 while the NASDAQ fell 0.42% to 17,651.68. The S&P 500 also fell, dropping, 0.22% to 5,604.73.

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Leading and Lagging SectorsHealth care shares climbed by 0.2% on Tuesday.

In trading on Tuesday, information technology shares fell by 0.6%.

Top Headline

ScanSource, Inc. (NASDAQ:SCSC) reported worse-than-expected fourth-quarter financial results.

ScanSource reported quarterly earnings of 80 cents per share which missed the analyst consensus estimate of 93 cents per share. The company reported quarterly sales of $746.113 million which missed the analyst consensus estimate of $843.143 million.

ScanSource said it sees FY25 revenues of $3.1 billion to $3.5 billion, versus estimates of $3.47 billion.

Equities Trading UP

Ensysce Biosciences, Inc. (NASDAQ:ENSC) shares shot up 66% to $0.7176 after the company received a $14 million ...

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