Midday Movers: Lamb Weston Climbs on Raised Guidance, Walgreens Slides After Dividend Cut
LWLamb Weston(LW) Investopedia·2024-01-05 01:20

Key TakeawaysU.S. equities were up at midday on Thursday, Jan. 4, 2024 following reports of record online spending during the holidays and a rise in private sector job creation.Lamb Weston shares rose after the food processor beat profit and sales estimates and raised its outlook on optimism about consumers and the operating environment.Walgreens shares sank after the pharmacy chain slashed its dividend to strengthen its cash position and pay for strategic initiatives.U.S. equities posted gains at midday as ...