U.S. stocks traded higher this morning, with the Dow Jones index gaining over 500 points on Wednesday.
Following the market opening Wednesday, the Dow traded up 0.94% to 54,592.81 while the NASDAQ rose 0.45% to 26,705.30. The S&P 500 also rose, gaining, 0.68% to 7,788.79.
Leading and Lagging Sectors
Health care shares jumped by 1.5% on Wednesday.
In trading on Wednesday, utilities stocks fell by 0.9%.
Top Headline
Walt Disney Co. (NYSE:DIS) reported better-than-expected fiscal third-quarter earnings.
Adjusted earnings increased to $2.06 per share, beating the analyst consensus estimate of $1.86. Revenue rose 7% year over year to $25.25 billion but came in slightly below analysts’ estimate of $25.40 billion.
Equities Trading UP
- Yxt.com Group (NASDAQ:YXT) shares shot up 219% to $8.30. YXT.com recently regained Nasdaq compliance.
- Shares of INLIF Ltd (NASDAQ:INLF) got a boost, surging 120% to $6.99. INLIF will hold extraordinary general meeting on Aug. 17.
- Reitar Logtech Holdings Ltd (NASDAQ:RITR) shares were also up, gaining 91% to $0.28. he company recently announced that its Jingxing HK unit signed an MoU with Cainiao to cooperate on smart warehousing and automated logistics projects overseas.
Equities Trading DOWN
- Tigo Energy Inc (NASDAQ:TYGO) shares dropped 48% to $1.06 after the company reported mixed second-quarter results and cut its FY26 sales guidance below estimates.
- Shares of China SXT Pharmaceuticals Inc (NASDAQ:SXTC) were down 39% to $0.075. China SXT Pharmaceuticals announced a 1-for-80 reverse stock split, effective Aug. 10.
- Recon Technology Ltd (NASDAQ:RCON) was down, falling 50% to $0.21. Recon Technology recently announced a $100 million “at-the-market” equity offering program.
Commodities
In commodity news, oil traded up 0.2% to $75.89 while gold traded up 2.4% at $4,253.40.
Silver traded up 3.3% to $62.205 on Wednesday, while copper rose 0.7% to $6.6900.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 gained 0.3%, while Spain’s IBEX 35 Index rose 0.4% London’s FTSE 100 gained 0.5%, Germany’s DAX gained 0.2%, while France’s CAC 40 gained 0.1%.
Asia Pacific Markets
Asian markets closed higher on Wednesday, with Japan’s Nikkei 225 gaining 3.66%, Hong Kong’s Hang Seng index rising 0.24%, China’s Shanghai Composite rising 1.47% and India’s BSE Sensex rising 0.19%.
Economics
U.S. private businesses added 44,000 jobs in July, compared to a revised 95,000 gain in the previous month and down from market estimates of 70,000.
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