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Crude Oil Jumps 2%; Lululemon Posts Upbeat Earnings

Benzinga ·  Jun 7 00:22

U.S. stocks traded mixed midway through trading, with the Dow Jones index gaining around 50 points on Thursday.

The Dow traded up 0.14% to 38,860.40 while the NASDAQ fell 0.07% to 17,175.73. The S&P 500 also rose, gaining, 0.01% to 5,354.33.

Leading and Lagging Sectors

Consumer discretionary shares rose by 0.5% on Thursday.

In trading on Thursday, utilities shares fell by 0.5%.

Top Headline

Lululemon Athletica Inc. (NASDAQ:LULU) reported upbeat financial results for its first quarter and authorized a $1 billion increase in its stock repurchase program on Wednesday.

The company said it sees second-quarter revenue in the range of $2.4 billion to $2.42 billion versus estimates of $2.45 billion...

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