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Dow Dips Over 550 Points; BJ's Wholesale Club Earnings Beat Views
U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling more than 550 points on Thursday.
The Dow traded down 1.44% to 39,098.81 while the NASDAQ fell 0.39% to 16,735.32. The S&P 500 also fell, dropping, 0.69% to 5,270.47.
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Leading and Lagging SectorsInformation technology shares rose by 1.5% on Thursday.
In trading on Thursday, real estate shares fell by 1.3%.
Top Headline
BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) reported better-than-expected results for its first quarter on Thursday.
The company posted quarterly revenue growth of 4.1% year-on-year to $4.918 billion, beating the analyst consensus estimate of $4.831 billion. Total comparable club sales increased by 1.6%. Adjusted EPS of 85 cents beat the analyst consensus estimate of 83 cents.
Equities Trading UP
OneMedNet Corporation (NASDAQ:ONMD) shares shot up 141% to $1.14 after the company highlighted a ‘five-fold expansion’ of its iRWD network and platform.
Shares of Bicycle Therapeutics plc (NASDAQ:BCYC) got a boost, surging 18% to $25.24 after the company announced a $555 million private placement equity financing.
e.l.f. Beauty, Inc. (NYSE: