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US Stocks Edge Higher; D.R. Horton Posts Upbeat Earnings
DHID.R. Horton(DHI) Benzinga·2024-07-18 14:04

Market Overview - U.S. stocks traded higher with the Dow Jones index gaining around 40 points, up 0.10% to 41,238.64, NASDAQ rose 0.22% to 18,036.66, and S&P 500 increased 0.21% to 5,600.18 [1] - Industrials shares jumped by 0.6%, while health care shares fell by 0.4% [1] Company Earnings - D.R. Horton, Inc. reported second-quarter earnings of 4.10pershare,exceedingtheanalystconsensusestimateof4.10 per share, exceeding the analyst consensus estimate of 3.78 per share, with quarterly sales of 9.966billion,surpassingtheconsensusestimateof9.966 billion, surpassing the consensus estimate of 9.771 billion [1] Notable Stock Movements - Onconetix, Inc. shares surged 85% to 0.2761followingtheannouncementofclosingawarrantexercisefor0.2761 following the announcement of closing a warrant exercise for 1.11 million gross proceeds [2] - Silo Pharma, Inc. shares increased 66% to 3.74afterenteringintoaDeviceandCMCDevelopmentMasterPlanwithResycaBV[2]ChuysHoldings,Inc.sharesrose483.74 after entering into a Device and CMC Development Master Plan with Resyca BV [2] - Chuy's Holdings, Inc. shares rose 48% to 37.35 after Darden Restaurants announced its acquisition of the company [2] Declining Stocks - Agenus Inc. shares dropped 54% to 8.17aftertheFDAdiscouragedanacceleratedapprovalpathway[3]Leslies,Inc.sharesfell308.17 after the FDA discouraged an accelerated approval pathway [3] - Leslie's, Inc. shares fell 30% to 2.8699 after reporting preliminary financial results for the third quarter and cutting full-year guidance [3] - Fitell Corporation shares decreased by 22% to $21.00 [3]