U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining around 100 points on Wednesday.
Following the market opening Wednesday, the Dow traded down 0.03% to 49,349.19 while the NASDAQ gained 0.39% to 25,971.51. The S&P 500 also rose, gaining, 0.17% to 7,366.18.
Leading and Lagging Sectors
Information technology shares jumped by 0.7% on Wednesday.
In trading on Wednesday, consumer staples stocks fell by 0.9%.
Top Headline
Target Corp (NYSE:TGT) reported upbeat earnings for the first quarter and raised its FY2026 sales forecast.
The company posted quarterly earnings of $1.71 per share which beat the analyst consensus estimate of $1.46 per share. The company reported quarterly sales of $25.443 billion which beat the analyst consensus estimate of $24.639 billion ar.
Equities Trading UP
- Silexion Therapeutics Corp (NASDAQ:SLXN) shares shot up 126% to $0.61.
- Shares of GCL Global Holdings Ltd (NASDAQ:GCL) got a boost, surging 68% to $0.72. The move followed GCL's announcement Tuesday that its publishing subsidiary, 4Divinity Pte. Ltd., secured an additional $10 million strategic investment from ADATA Technology, a maker of memory, storage and gaming hardware products.
- Capstone Holding Corp (NASDAQ:CAPS) shares were also up, gaining 43% to $0.44 after the company reported first-quarter financial results.
Equities Trading DOWN
- Jayud Global Logistics Ltd (NASDAQ:JYD) shares dropped 52% to $0.91.
- Shares of 707 Cayman Holdings Ltd (NASDAQ:JEM) were down 46% to $1.06.
- Lichen International Ltd (NASDAQ:LICN) was down, falling 41% to $1.67.
Commodities
In commodity news, oil traded down 2.4% to $101.61 while gold traded down 0.2% at $4,500.70.
Silver traded up 0.9% to $75.815 on Wednesday, while copper rose 0.7% to $6.2475.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.5%, while Spain's IBEX 35 Index rose 0.5%. London's FTSE 100 gained 0.2%, Germany's DAX rose 0.4%, while France's CAC 40 rose 0.5%.
Asia Pacific Markets
Asian markets closed mostly lower on Wednesday, with Japan's Nikkei 225 falling 1.23%, Hong Kong's Hang Seng Index falling 0.57%, China's Shanghai Composite declining 0.18% and India's BSE Sensex gaining 0.16%
Economics
U.S. mortgage applications declined by 2.3% in the second week of May, following a 1.7% gain in the previous period.
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