U.S. stocks traded mixed this morning, with the Dow Jones index falling more than 200 points on Wednesday.
Following the market opening Wednesday, the Dow traded down 0.49% to 49,515.22 while the NASDAQ gained 0.13% to 26,121.77. The S&P 500 also fell, dropping, 0.13% to 7,391.19.
Leading and Lagging Sectors
Information technology shares jumped by 0.4% on Wednesday.
In trading on Wednesday, utilities stocks fell by 1.7%.
Top Headline
U.S. producer prices rose 1.4% month-over-month in April, recording the biggest gain since March 2022, compared to a revised 0.7% rise in March and higher than market estimates of 0.5%.
Equities Trading UP
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Quantum Cyber N.V. (NASDAQ:QUCY) shares shot up 87% to $0.60. Quantum Cyber executed IP license agreement with BP United for its drone technology portfolio.
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Shares of Fitness Champs Holdings Limited (NASDAQ:FCHL) got a boost, surging 45% to $1.9350.
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Oriental Culture Holding LTD (NASDAQ:OCG) shares were also up, gaining 37% to $2.5500.
Equities Trading DOWN
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WORK Medical Technology Group LTD (NASDAQ:WOK) shares dropped 77% to $1.5400. The decline followed extreme volatility and intense profit-taking following a massive, news-driven rally earlier in the week.
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Shares of Reviva Pharmaceuticals Holdings, Inc. (NASDAQ:RVPH) were down 65% to $0.2788. Reviva Pharmaceuticals will be delisted from Nasdaq, with shares expected to begin trading on OTCQB on May 14.
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TriSalus Life Sciences, Inc. (NASDAQ:TLSI) was down, falling 40% to $2.74 after the company reported mixed first-quarter financial results and cut its FY26 sales guidance below estimates.
Commodities
In commodity news, oil traded down 0.1% to $102.11 while gold traded up 0.2% at $4,695.60.
Silver traded up 2% to $87.285 on Wednesday, while copper rose 1.7% to $6.6415.
Euro zone
European shares were mixed today. The eurozone’s STOXX 600 rose 0.1%, while Spain’s IBEX 35 Index fell 0.5%. London’s FTSE 100 fell 0.1%, Germany’s DAX rose 0.3%, while France’s CAC 40 declined 0.4%.
Asia Pacific Markets
Asian markets closed higher on Wednesday, with Japan’s Nikkei 225 gaining 0.84%, Hong Kong’s Hang Seng Index gaining 0.15%, China’s Shanghai Composite gaining 0.67% and India’s BSE Sensex rising 0.07%
Economics
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U.S. producer prices rose 1.4% month-over-month in April, recording the biggest gain since March 2022, compared to a revised 0.7% rise in March and higher than market estimates of 0.5%.
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U.S. mortgage applications climbed by 1.7% from the previous week during the first week of May.
Photo via Shutterstock
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Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: finance.yahoo.com
