Nasdaq Down 1%; Lowe's Posts Upbeat Earnings

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 200 points on Wednesday.

The Dow traded down 0.07% to 44,891.07 while the NASDAQ fell 1% to 21,101.73. The S&P 500 also fell, dropping, 0.47% to 6,381.22.

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Leading and Lagging SectorsConsumer staples shares jumped by 1.1% on Wednesday.

In trading on Wednesday, information technology stocks fell by 1.8%.

Top Headline

Lowe's Companies, Inc. (NYSE:LOW) reported better-than-expected earnings for the second quarter.

Adjusted diluted EPS rose 5.6% to $4.33 from $4.10, topping analyst estimates of $4.24. Quarterly sales reached $23.96 billion, compared with $23.59 billion a year earlier, and came in slightly above Wall Street's estimate of $23.96 billion. Comparable sales increased 1.1%.

Lowe's updated its fiscal 2025 guidance to reflect the ADG ...