Mid-Morning Market Update: Markets Rise; Dollar General Beats Q3 Expectations

Following the market opening Thursday, the Dow traded up 0.14 percent to 24,174.16 while the NASDAQ climbed 0.15 percent to 6,786.63. The S&P also rose, gaining 0.04 percent to 2,630.40.

Leading and Lagging Sectors

Thursday morning, the industrial sector proved to be a source of strength for the market. Leading the sector was strength from Envirostar Inc (NYSE: EVI) and NCI Building Systems Inc (NYSE: NCS).

In trading on Thursday, utilities shares fell 0.34 percent.

Top Headline

Dollar General Corp. (NYSE: DG) reported better-than-expected earnings for its third quarter.

Dollar General posted quarterly earnings of $0.98 per share on revenue of $5.90 billion. However, analysts expected earnings of $0.94 per share on revenue of $5.80 billion.

Dollar General narrowed its FY 2017 earnings guidance from $4.35-$4.50 per share, to $4.37-$4.47 per share.

Equities Trading UP

SAGE Therapeutics Inc (NASDAQ:

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