Dow Surges Over 300 Points; Bath & Body Works Posts Upbeat Earnings
U.S. stocks traded higher this morning, with the Dow Jones index gaining by more than 300 points on Monday.
Following the market opening Monday, the Dow traded up 0.79% to 44,644.55 while the NASDAQ rose 0.69% to 19,134.73. The S&P 500 also rose, gaining, 0.60% to 6,004.86.
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Leading and Lagging Sectors
Consumer discretionary shares jumped by 1.6% on Monday.
In trading on Monday, energy shares rose by just 0.3%.
Top Headline
Bath & Body Works, Inc. (NYSE:BBWI) reported better-than-expected third-quarter results and raised its 2024 outlook.
BBWI’s third-quarter adjusted earnings per share of 49 cents, beating the analyst consensus of 47 cents. Quarterly sales of $1.610 billion, a growth of 3.1% year-over-year, above the street view of $1.579 billion.
The company raised fiscal 2024 guidance and now expects net sales to decline 2.5% – 1.7% (prior view: decline of 4% – 2%), …
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