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Nasdaq Dips Over 300 Points; PepsiCo Reports Weak Sales

Benzinga ·  00:01

U.S. stocks traded mixed midway through trading, with the Nasdaq Composite falling more than 300 points on Thursday.

The Dow traded up 0.21% to 39,803.00 while the NASDAQ fell 1.81% to 18,310.23. The S&P 500 also fell, dropping, 0.84% to 5,586.74.

Leading and Lagging Sectors

Real estate shares jumped by 2.8% on Thursday.

In trading on Thursday, information technology shares fell by 2.7%.

Top Headline

PepsiCo Inc(NASDAQ:PEP) reported worse-than-expected second-quarter FY24 revenue.

The company reported second-quarter sales growth of 0.8% year-on-year to $22.501 billion, missing the analyst consensus estimate of $22.599 billion. Adjusted EPS of $2.28 beat the consensus estimate of $2.16.

Equities Trading UP

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