Crude Oil Falls 2.5%; Ralph Lauren Posts Upbeat Earnings

Grand News Network | November 8, 2023

U.S. stocks traded mostly lower toward the end of trading, with the Dow Jones falling around 80 points on Wednesday

The Dow traded down 0.23% to 34,074.30 while the NASDAQ fell 0.01% to 13,638.07. The S&P 500 also fell, dropping, 0.01% to 4,378.16.

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

 

Leading and Lagging Sectors

 

Information technology shares rose by 0.5% on Wednesday.

In trading on Wednesday, utilities shares fell by 1.5%.

 

Top Headline

 

Ralph Lauren Corporation (NYSE: RL) posted upbeat earnings for its second quarter on Wednesday.

Ralph Lauren reported second-quarter FY24 sales growth of 3% year-on-year to $1.63 billion, beating the analyst consensus estimate of $1.61 billion. Adjusted EPS of $2.10 beat the consensus estimate of $1.93.

 

Equities Trading UP

 

Blade Air Mobility, Inc. (NASDAQ: BLDE) shares shot up 35% to $3.0601 as the company reported third-quarter FY23 revenue growth of 56.3% year-over-year to $71.44 million, beating the consensus of $66.94 million.

Shares of GAN Limited (NASDAQ: GAN) got a boost, shooting 85% to $1.65 as the company agreed to be acquired by Sega Sammy Creation for $1.97 per share in cash.

The RealReal, Inc. ...

Full story available on Benzinga.com


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