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Nasdaq Gains 75 Points; Acuity Brands Posts Upbeat Earnings

Benzinga ·  Apr 4 02:30

U.S. stocks traded higher toward the end of trading, with the S&P 500 gaining around 0.3% on Wednesday.

The Dow traded up 0.08% to 39,200.08 while the NASDAQ rose 0.46% to 16,315.68. The S&P 500 also rose, gaining, 0.31% to 5,221.70.

Leading and Lagging Sectors

Industrials shares jumped by 0.8% on Wednesday.

In trading on Wednesday, consumer staples shares fell by 0.9%.

Top Headline

Acuity Brands, Inc(NYSE:AYI) reported better-than-expected earnings for its second quarter.

The company posted a quarterly net sales decline of 4.0% year-over-year to $905.9 million, missing the consensus of $907.7 million. It clocked an adjusted EPS of $3.38, beating the consensus of $3.25.

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