U.S. stocks traded lower toward the end of trading, with the Dow Jones dropping over 100 points on Wednesday.
The Dow traded down 0.34% to 32,929.04 while the NASDAQ fell 0.30% to 12,978.20. The S&P 500, also fell, dropping, 0.39% to 4,189.27.
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Leading and Lagging Sectors
Utilities shares rose by 0.7% on Wednesday. Meanwhile, top gainers in the sector included Ellomay Capital Ltd. (NYSE: ELLO), up 8%, and Star Group, L.P. (NYSE: SGU), up 4%.
In trading on Wednesday, energy shares dipped 1.8%.
Top Headline
Shares of Donaldson Co Inc (NYSE: DCI) dropped over 7% on Wednesday after the company reported third-quarter financial results and updated guidance.
Donaldson reported a sales increase of 2.6% Y/Y to $875.7 million beating the consensus of $868.4 million. EPS stood at 76 cents, up from 67 cents a year ago, exceeding the consensus of $0.74.
The company now expects FY23 adjusted EPS to be $3.00-$3.06 (vs $2.99-$3.07 previously) compared to the consensus of $3.04.
Equities Trading UP
Aridis Pharmaceuticals, Inc. (NASDAQ: ARDS) shares shot up 116% to $0.3991 after the company announced it received agreement from the FDA on its proposed single confirmatory Phase 3 study of AR-301 and the clinical study design.
Shares of Marker Therapeutics, Inc. (NASDAQ: MRKR) got a ...
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