U.S. stocks were mixed toward the end of trading, ahead of earnings reports from Apple Inc. (NASDAQ: AAPL) and Amazon.com, Inc. (NASDAQ: AMZN).
The Dow traded down 0.05% to 35,264.79 while the NASDAQ rose 0.05% to 13,980.50. The S&P 500, also fell, dropping, 0.11% to 4,508.46.
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Leading and Lagging Sectors
Energy shares rose by 1.3% on Thursday.
In trading on Thursday, real estate shares dipped by 1.8%.
Top Headline
Kellogg Company (NYSE: K) reported better-than-expected earnings for its second quarter.
The company posted second-quarter FY23 organic sales growth of 7.1% year-on-year to $4.14 billion, beating the analyst consensus of $4.05 billion. Adjusted EPS of $1.25 beat the analyst consensus of $1.11.
Kellogg revised FY23 organic net sales growth outlook to about 7% from 6% – 7% previously. The company sees adjusted-basis EPS to decline (1)% to (2)% on a currency-neutral basis, versus prior guidance of approximately (1)% to (3)%.
Equities Trading UP
Upwork Inc. (NASDAQ: UPWK) shares shot up 42% to $14.16 after the company posted upbeat second-quarter results and raised full-year guidance.
Shares of Vital Farms, Inc. (NASDAQ: VITL) got a boost, shooting 27% to $13.41 following strong quarterly results.
Traeger, Inc. (NYSE: COOK) shares were also up, gaining 50% to $6.20 after the company posted upbeat quarterly results.
Equities Trading DOWN
Aravive, Inc. (NASDAQ: ARAV) shares dropped 74% to $0.3355 after the company’s Phase 3 AXLerate-OC trial evaluating the safety …
