Cisco And IBM Lead The Dow Jones Higher Thursday
The
The
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SPDR S&P 500 ETF Trust (NASDAQ:SPY) finished slightly higher by 0.8% at $419.07.
Here are the day s winners and losers from the DIA, according to data from Benzinga Pro.
Top leaders for the Dow Jones were in industrials:
Cisco Systems Inc (NASDAQ:CSCO),
IBM (NYSE:IBM) and
Meanwhile,
Caterpillar Inc. (NYSE:CAT) and
Walgreens Boots Alliance Inc (NASDAQ:WBA) fell slightly Thursday.
Elsewhere On The Street
Uber Technologies Inc (NYSE:UBER) shares traded lower after the company reported first-quarter revenue that fell short of Wall Street expectations. For the first quarter, Uber reported an adjusted EPS loss of 6 cents, beating consensus analyst estimates…
Jumia Technologies AG (NYSE:JMIA) in an exclusive interview.
Citron Research published a short report on the stock in 2019 in which it alleged problems with the e-commerce company, including discrepancies in financials, fraudulent orders and inefficiencies.
Citron Research published a second article on Jumia at the end of 2020 calling it a generational buying opportunity and noting that things had changed.
The report cited an accelerated shift toward e-commerce due to the COVID-19 pandemic as a catalyst for the stock moving forward.
Left told Benzinga Thursday that the reasons behind Citron s shift on Jumia that have been reported don t accurately reflect what he sees in the stock as of now.