US Stocks Higher; Dick's Sporting Goods Shares Tumble After Weak Q2 Results
US stocks traded higher, with Nasdaq up 0.73%. Tech shares rose 1%, while energy fell 0.9%. Dick's Sporting Goods shares dipped 22% on earnings miss.
Dick's Sporting Goods didn't make as much money as people expected, so its stock price dropped a lot. When a company misses expectations, investors get nervous—even if other stocks are doing okay that day.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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