Mid-Afternoon Market Update: Dow Jumps Over 200 Points; Fossil Group Shares Climb On Upbeat Earnings

Toward the end of trading Wednesday, the Dow traded up 0.88 percent to 24,856.27 while the NASDAQ climbed 1.67 percent to 7,130.36. The S&P also rose, gaining 1.23 percent to 2,695.60.

Leading and Lagging Sectors

Wednesday afternoon, the basic materials shares climbed 2.38 percent. Meanwhile, top gainers in the sector included Harmony Gold Mining Co. (ADR) (NYSE: HMY), up 11 percent, and Seabridge Gold, Inc. (USA) (NYSE: SA), up 11 percent.

In trading on Wednesday, utilities shares tumbled 0.21 percent. Meanwhile, top losers in the sector included Southwest Gas Holdings Inc (NYSE: SWX), down 1 percent, and TransAlta Corporation (USA) (NYSE: TAC) down 1 percent.

Top Headline

Groupon Inc (NASDAQ: GRPN) reported weaker-than-expected earnings for its fourth quarter.

The company said it earned $0.07 per share on revenue of $873.16 million in the fourth quarter. However, Wall Street analysts were expecting the company to earn $0.09 per share on …

Full story available on Benzinga.com

Source-Click here

Leave a Reply

Your email address will not be published. Required fields are marked *