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Nasdaq Down Over 1%; Procter & Gamble Raises Profit Forecast

Benzinga ·  Apr 19 12:03

U.S. stocks traded mixed midway through trading, with the Nasdaq Composite falling over 150 points on Friday.

The Dow traded up 0.43% to 37,938.78 while the NASDAQ fell 1.20% to 15,414.32. The S&P 500 also fell, dropping, 0.43% to 4,989.44 .

Leading and Lagging Sectors

Energy shares climbed by 1.5% on Friday.

In trading on Friday, communication services shares fell by1.2%.

Top Headline

Procter & Gamble Co(NYSE:PG) fell around 8% during Friday's session following first-quarter results.

Procter & Gamble reported third-quarter FY24 sales growth of 1% year-on-year to $20.195 billion, missing the analyst consensus estimate of $20.408 billion. Adjusted EPS of $1.52 beat the consensus estimate of $1.41.

P&G maintained...

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