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Crude Oil Moves Higher; Dollar General Earnings Miss Estimates

Benzinga ·  Aug 29 14:30

U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining 1% on Thursday.

The Dow traded up 1.02% to 41,508.88 while the NASDAQ rose 0.34% to 17,616.32. The S&P 500 also rose, gaining, 0.50% to 5,620.08.

Leading and Lagging Sectors

Energy shares climbed by 1.5% on Thursday.

In trading on Thursday, real estate shares fell by 0.5%.

Top Headline

Dollar General Corporation(NYSE:DG) reported worse-than-expected second-quarter results and lowered its 2024 guidance.

The retail behemoth reported second-quarter earnings per share of $1.70, missing the analyst consensus of $1.78. Quarterly sales of $10.21 billion (+4.2% year over year) missed the street view of $10.368 billion.

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