Nasdaq Tumbles 100 Points; UniFirst Posts Upbeat Earnings

U.S. stocks traded lower this morning, with the Nasdaq Composite dipping more than 100 points on Wednesday.

The Dow traded down 0.35% to 41,844.40 while the NASDAQ fell 0.62% to 17,341.37. The S&P 500 also fell, dropping, 0.50% to 5,605.14.

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Leading and Lagging SectorsCommunication services shares fell by just 0.1% on Wednesday.

In trading on Wednesday, consumer discretionary shares tumbled by 0.8%.

Top Headline

UniFirst Corporation (NYSE:UNF) reported better-than-expected earnings for the second quarter on Wednesday.

The company posted quarterly earnings of $1.40 per share which beat the analyst consensus estimate of $1.32 per share. The company reported quarterly sales of $602.22 million which missed the analyst consensus estimate of $602.81 million.

UniFirst said it sees FY25 revenue ...

https://www.benzinga.com/25/04/44607542/nasdaq-tumbles-100-points-unifirst-posts-upbeat-earnings