Crude Oil Down 1%; Dollar Tree Shares Tumble After Downbeat Earnings

U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining around 0.2% on Wednesday.

The Dow traded down 0.08% to 40,906.17 while the NASDAQ rose 0.21% to 17,172.66. The S&P 500 also fell, dropping, 0.03% to 5,527.51.

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Leading and Lagging SectorsUtilities shares climbed by 0.6% on Wednesday.

In trading on Wednesday, energy shares fell by 0.9%.

Top Headline

Shares of Dollar Tree, Inc (NASDAQ:DLTR) dipped over 21% on Wednesday after the company reported worse-than-expected second-quarter 2024 earnings.

The discount variety stores chain reported an adjusted EPS of 67 cents, missing the consensus of $1.04, and down 26.4% year over year. The company reported sales of $7.38 billion, up marginally by 0.07%, missing the consensus of $7.5 billion.

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Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares shot up 43% to $4.8986.

Shares of Atara Biotherapeutics, Inc. (NASDAQ:ATRA) got a boost, surging 32% to ...