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Dow Jumps 200 Points; Honeywell Trims Profit Outlook

Benzinga ·  Jul 25 22:39

U.S. stocks traded mixed this morning, with the Dow Jones gaining over 200 points on Thursday.

Following the market opening Thursday, the Dow traded up 0.53% to 40,064.06 while the NASDAQ fell 1.25% to 17,124.88. The S&P 500 also fell, dropping, 0.38% to 5,406.26.

Leading and Lagging Sectors

Real estate shares jumped by 1.4% on Wednesday.

In trading on Wednesday, information technology shares fell by 2.5%.

Top Headline

Honeywell International Inc. (NASDAQ:HON) reported second-quarter results and lowered FY24 EPS guidance.

Adjusted EPS was $2.49 (+8% Y/Y), beating the consensus of $2.42. Revenue grew 5% Y/Y (organic: +4% Y/Y) to $9.58 billion, beating the consensus of $9.41 billion.

The company raised sales...

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