U.S. stocks traded higher this morning, with the Dow Jones index gaining over 100 points on Wednesday.
Following the market opening Wednesday, the Dow traded up 0.27% to 37,627.83 while the NASDAQ rose 0.24% to 14,893.51. The S&P 500 also rose, gaining, 0.23% to 4,767.44.
Check This Out: How To Earn $500 A Month From JPMorgan Stock Ahead Of Q4 Earnings Report
Leading and Lagging Sectors
Communication services shares rose by 1% on Wednesday.
In trading on Wednesday, materials shares fell by 0.3%.
Top Headline
PriceSmart, Inc. (NASDAQ:PSMT) reported better-than-expected earnings for its first quarter on Tuesday.
Pricesmart posted adjusted earnings of $1.24 per share, beating market estimates of $1.09 per share. The company’s quarterly sales came in at $1.17 billion versus estimates of $1.16 billion, according to data from Benzinga Pro.
Equities Trading UP
Clearmind Medicine Inc. (NASDAQ:CMND) shares shot up 47% to $3.0550. Clearmind Medicine completed a Type A Meeting with the FDA for clinical trial of its proprietary MEAI-based, CMND-100 compound, for the treatment of alcohol use disorder.
Shares of Nvni Group Limited (NASDAQ:NVNI) got a boost, surging 48% to $2.8359.
Nauticus Robotics, Inc. (NASDAQ:KITT) shares were also up, gaining 60% to $0.4689. Nauticus Robotics secured additional funding and appointed John W. Gibson, Jr as interim CEO.
Equities Trading DOWN
DocGo Inc. (NASDAQ:DCGO) shares dropped 25% to $3.6095. Fuzzy Panda Research issued a report and disclosed a short position in the stock.
Shares of Aclaris Therapeutics, Inc. (NASDAQ:ACRS) were down 25% to $0.9600 after the company's Phase 2B study of ATI-1777 2% QD was not statistically superior on the primary efficacy endpoint.
HWH International Inc. (NASDAQ:HWH) was down, falling 17% to $2.33 after dipping 26% on Tuesday.
Also Check This Out: Top 3 Risk Off Stocks That Are Set To Fly In Q1
Commodities
In commodity news, oil traded up 1.2% to $73.10 while gold traded up 0.3% at $2,038.50.
Silver traded up 0.1% to $23.105 on Wednesday while copper rose 0.4% to $3.7760.
Euro zone
European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.1%, London’s FTSE 100 fell 0.4% while Spain’s IBEX 35 Index rose 0.1% The German DAX fell 0.1% French CAC 40 fell 0.1% while Italy’s FTSE MIB Index rose 0.1%.
Industrial production in France increased 0.5% month-over-month in November versus a 0.3% decline a month ago.
Asia Pacific Markets
Asian markets closed mixed on Wednesday, with Japan’s Nikkei 225 gaining 2.01%, Hong Kong’s Hang Seng Index falling 0.57% and China’s Shanghai Composite Index falling 0.54%. India’s S&P BSE Sensex, meanwhile, rose 0.38%.
Average cash earnings in Japan rose by 0.2% year-over-year in November, recording the 23rd straight month of increasing wages. The monthly Consumer Price Index indicator in Australia increased by 4.3% in the year to November.
Economics
Mortgage applications in the U.S. rose by 9.9% in the first week of the year, compared to the 10.7% decline from the prior period.
Now Read This: Urban Outfitters To Rally Around 14%? Here Are 10 Top Analyst Forecasts For Wednesday
Comments