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US Stocks Sink; Deere Shares Fall Despite Earnings Beat

Benzinga ·  Aug 18, 2023 11:08

U.S. stocks traded down this morning with the Nasdaq Composite falling more than 101 points on Friday.

The Dow traded down 0.23% to 34,396.96 while the NASDAQ fell 0.91% to 13,196.22. The S&P 500 also fell, dropping 0.45% to 4,350.51.

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Leading and Lagging Sectors

Both Consumer Staples and Utilities shares rose by 6% on Friday.

In trading on Friday, Communication Services shares fell by 1.55%.

Top Headline

Deere & Company(NYSE:DE) reported its third quarter results significantly better of consensus expectations while raising its fiscal 2023 guidance.

Deere reported its third quarter...

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