Nasdaq Edges Higher; Honeywell Shares Fall After Q3 Results

Benzinga · Oct 25 00:22

U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining around 0.3% on Thursday.

The Dow traded down 0.72% to 42,206.88 while the NASDAQ rose 0.26% to 18,323.75. The S&P 500 also fell, dropping, 0.16% to 5,788.23.

Leading and Lagging Sectors

Consumer discretionary shares rose by 2.6% on Thursday.

In trading on Thursday, materials shares fell by 1.1%.

Top Headline

Shares ofHoneywell International Inc.(NASDAQ:HON) fell around 4% on Thursday after the company reported third-quarter results and updated FY24 guidance.

Revenue grew 6% year-over-year (organic: +3%) to $9.728 billion, missing the consensus of $9.901 billion. Adjusted EPS was $2.58 (+8% Y/Y), beating the consensus of $2.50.

For FY24, the company...

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Nasdaq Edges Higher; Honeywell Shares Fall After Q3 Results

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