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Nasdaq Gains 1%; Intuit Shares Plunge

Benzinga ·  May 24 12:07

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 1% on Friday.

The Dow traded up 0.25% to 39,163.18 while the NASDAQ rose 1.04% to 16,909.33. The S&P 500 also rose, gaining, 0.69% to 5,304.30.

Leading and Lagging Sectors

Communication services shares jumped by 1.1% on Friday.

In trading on Friday, health care shares fell by 0.1%.

Top Headline

Shares ofIntuit Inc. (NASDAQ:INTU) fell around 8% on Friday following third-quarter results.

The company posted better-than-expected earnings for its third quarter and boosted its full-year outlook. However, the company issued weak earnings guidance for the current quarter.

Intuit's third...

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