Dow Dips Over 300 Points; Dick's Sporting Goods Posts Upbeat Earnings

Benzinga ·  May 29 21:45

U.S. stocks traded lower this morning, with the Dow Jones index falling more than 300 points on Wednesday.

Following the market opening Wednesday, the Dow traded down 0.90% to 38,505.03 while the NASDAQ fell 0.72% to 16,897.33. The S&P 500 also fell, dropping, 0.73% to 5,267.41 .

Leading and Lagging Sectors

Information technology shares jumped by 1.4% on Wednesday.

In trading on Wednesday, industrials shares fell by 1.3%.

Top Headline

Dick's Sporting Goods Inc(NYSE:DKS) reported better-than-expected first-quarter FY24 earnings and raised the outlook.

The company reported first-quarter FY24 sales growth of 6.2% year-on-year to $3.02 billion, beating the analyst consensus estimate of $2.94 billion.


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