Crude Oil Falls Over 2%; Campbell's Earnings Top Estimates

U.S. stocks traded mixed midway through trading, with the Dow Jones index falling more than 150 points on Wednesday.

The Dow traded down 0.37% to 45,130.04 while the NASDAQ rose 0.90% to 21,471.90. The S&P 500 also rose, gaining, 0.31% to 6,435.43.

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Leading and Lagging SectorsCommunication services shares jumped by 3.1% on Wednesday.

In trading on Wednesday, energy stocks fell by 1.9%.

Top Headline

The Campbell's Company (NASDAQ:CPB) posted better-than-expected earnings for the fourth quarter on Wednesday.

The company reported fourth-quarter sales growth of 1% year-over-year (Y/Y) to $2.32 billion, slightly missing the analyst consensus estimate of $2.33 billion. Adjusted EPS of 62 cents beat the consensus estimate of 56 cents.

Campbell expects full-year sales between $10.035 billion and $10.240 billion, representing a decline of 2% to flat growth. The company projects adjusted EBIT to fall 9% to 13%, with adjusted earnings per share forecast in the range of $2.40 to $2.55.

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