Gold Gains 1%; Performance Food Group Shares Fall After Q4 Results
Dow Jones up 0.1%, NASDAQ up 0.47%, S&P 500 up 0.24%. Tech stocks up 1.1%, communication services down 1.3%. Performance Food Group shares down 6% after reporting earnings miss. AII up 17%, EROC up 20%, BOXL up 69%. NCMI down 31%, UAMY down 22%, STRO down 16%. Oil down 0.1%, gold up 1.1%. Eurozone mixed, Asian markets close mixed. CPI rises 3.4% year-over-year in July.
Performance Food Group's stock dropped because it didn't earn as much money as people expected, while gold went up a little—which sometimes happens when people feel uncertain about the economy. When a company misses earnings (makes less profit than predicted), the stock usually falls, so paying attention to whether companies hit their goals helps you understand if they're doing well.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.