U.S. stocks traded mixed 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 51,809.89 while the NASDAQ fell 0.42% to 27,090.52. The S&P 500 also fell, dropping, 0.27% to 7,784.54.
Leading and Lagging Sectors
Health care shares jumped by 1.6% on Wednesday.
In trading on Wednesday, financial stocks fell by 1.1%.
Top Headline
Consumer prices rose from 3.4% to 3.7% year-over-year in September, above the 3.6% economists expected, according to the Bureau of Labor Statistics report released Wednesday.
On a monthly basis, the Consumer Price Index increased 0.6%, matching expectations and accelerating from August’s 0.4% pace.
Equities Trading UP
- Treasure Global Inc (NASDAQ:TGL) shares shot up 249% to $0.97 after the company reported a narrower fourth-quarter loss driven by strong revenue growth.
- Shares of Antelope Enterprise Holdings Ltd (NASDAQ:AEHL) got a boost, surging 142% to $20.67.
- Greenland Energy Co (NASDAQ:GLND) shares were also up, gaining 71% to $3.79. Greenland-linked stocks traded higher after President Donald Trump said Wednesday that “massive” oil, gas and mineral exploration is about to start on the Arctic island.
Equities Trading DOWN
- CDT Equity Inc (NASDAQ:CDT) shares dipped 46% to $0.24. The company highlighted announcement from Sarborg regarding intellectual property covering solid forms of a major respiratory medicine.
- Shares of YYForce Inc. (NASDAQ:YFOR) were down 44% to $0.56 after the company announced a partnership with Novotel Singapore on Stevens and Mercure Singapore on Stevens to introduce service robots across the hotels’ 772-room precinct.
- JBDI Holdings Ltd (NASDAQ:JBDI) was down, falling 33% to $2.31. JBDI Holdings recently agreed to acquire Glorian Capital in a $900 million all-notes transaction.
Commodities
In commodity news, oil traded up 1.5% to $95.58 while gold traded down 1.2% at $4,129.20.
Silver traded down 3.7% to $57.320 on Wednesday, while copper fell 0.3% to $6.7080.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 rose 0.4%, while Spain’s IBEX 35 Index gained 0.1%, London’s FTSE 100 rose 0.3%, Germany’s DAX gained 0.5%, while France’s CAC 40 gained 0.6%.
Asia Pacific Markets
Asian markets closed lower on Wednesday, with Japan’s Nikkei 225 falling 0.05%, Hong Kong’s Hang Seng Index declining 0.13%, China’s SSE Composite Index dipping 0.88% and India’s BSE Sensex falling 0.34%.
Economics
Consumer prices rose from 3.4% to 3.7% year-over-year in September, above the 3.6% economists expected, according to the Bureau of Labor Statistics report released Wednesday.
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