U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining 1% on Thursday.
The Dow traded up 1.02% to 41,508.88 while the NASDAQ rose 0.34% to 17,616.32. The S&P 500 also rose, gaining, 0.50% to 5,620.08.
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Leading and Lagging SectorsEnergy shares climbed by 1.5% on Thursday.
In trading on Thursday, real estate shares fell by 0.5%.
Top Headline
Dollar General Corporation (NYSE:DG) reported worse-than-expected second-quarter results and lowered its 2024 guidance.
The retail behemoth reported second-quarter earnings per share of $1.70, missing the analyst consensus of $1.78. Quarterly sales of $10.21 billion (+4.2% year over year) missed the street view of $10.368 billion.
Dollar General has revised its fiscal year 2024 outlook, lowering its EPS forecast from a range of $6.80 to $7.55 to a new range of $5.50 to $6.20, compared to the $7.12 estimate. The company also reduced its revenue forecast from $41.01 billion to $41.28 billion to a revised range of $40.51 billion to $40.74 billion, against the $41.02 billion estimate.
Equities Trading UP
BioCardia, Inc. (NASDAQ:BCDA) ...
