US Stocks Higher; Kellanova Sales Top Estimates

Grand News Network | November 8, 2023

U.S. stocks traded higher this morning, with the Dow Jones gaining around 90 points on Wednesday

Following the market opening Wednesday, the Dow traded up 0.27% to 34,244.50 while the NASDAQ rose 0.20% to 13,667.28. The S&P 500 also rose, gaining, 0.25% to 4,389.24.

Check This Out: Insiders Buying CareCloud And 3 Other Stocks Under $2

 

Leading and Lagging Sectors

 

Real estate shares jumped by 0.7% on Wednesday.

In trading on Wednesday, utilities shares fell by 1%.

 

Top Headline

 

Kellanova (NYSE: K) reported better-than-expected sales for its third quarter.

Kellanova posted adjusted earnings of $1.03 per share, beating market estimates of 82 cents per share. The company’s quarterly sales came in $3.94 billion versus expectations of $3.62 billion.

The company said it sees full-year 2023 adjusted sales of $2.72 billion to $2.74 billion.

 

Equities Trading UP

 

Heart Test Laboratories, Inc. (NASDAQ: HSCS) shares shot up 118% to $0.3255 after falling over 7% on Tuesday.

Shares of GAN Limited (NASDAQ: GAN) got a boost, shooting 82% to $1.62 as the company agreed to be acquired by Sega Sammy Creation for $1.97 per share in ...

Full story available on Benzinga.com


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