1 week ago

Dow Gains 100 Points; Analog Devices Posts Upbeat Q1 Earnings

U.S. stocks traded higher this morning, with the Dow Jones index gaining around 100 points on Wednesday.

Following the market opening Wednesday, the Dow traded up 0.21% to 49,637.82 while the NASDAQ rose 0.17% to 22,616.77. The S&P 500 also rose, gaining, 0.19% to 6,855.97.

Check This Out: How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q4 Earnings

Leading and Lagging Sectors

Energy shares gained by 1.3% on Wednesday.

In trading on Wednesday, real estate stocks fell by 0.8%.

Top Headline

Analog Devices Inc (NASDAQ:ADI) reported better-than-expected first-quarter financial results and issued second-quarter EPS guidance above estimates.

Analog Devices reported quarterly earnings of $2.46 per share which beat the analyst consensus estimate of $2.31 per share. The company reported quarterly sales of $3.160 billion which beat the analyst consensus estimate of $3.117 billion.

Equities Trading UP