Mid-Morning Market Update: Markets Open Higher; Dow Gains 300 Points
U.S. stocks traded higher this morning, with the Dow Jones gaining more than 300 points on Wednesday.
Following the market opening Wednesday, the Dow traded up 0.91% to 33,543.56 while the NASDAQ rose 1.55% to 12,683.73. The S&P also rose, gaining, 1.19% to 4,224.93.
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Leading and Lagging Sectors
Information technology shares rose by 2.9% on Wednesday. Meanwhile, top gainers in the sector included Enphase Energy, Inc. NASDAQ:ENPH, up 15% and JinkoSolar Holding Co., Ltd. NYSE:JKS up 11%.
In trading on Wednesday, communication services shares dipped by 1.3%.
Top Headline
Boeing Company reported wider-than-expected first quarter loss.
Boeing's adjusted core loss came in at
Equities Trading UP
Nutex Health, Inc. NASDAQ:NUTX shares shot up 30% to
Shares of TradeUP Global Corporation NASDAQ:TUGC got a boost, shooting 17% to
Repligen Corporation NASDAQ:RGEN shares were also up, gaining 13% to
Equities Trading DOWN
Molecular Partners AG NASDAQ:MOLN shares tumbled 38% to
Shares of Agile Therapeutics, Inc. NASDAQ:AGRX were down 26% to
NCR Corporation NYSE:NCR was down, falling 21% to
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Commodities
In commodity news, oil traded down 1.4% to
Silver traded down 0.1% Wednesday to
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.8%,
The consumer confidence in
Economics
The goods trade deficit in the US rose to
U.S. wholesale inventories rose 2.3% month-over-month to
The pending home sales index fell 1.2% for March.
The Energy Information Administration's weekly report on petroleum inventories in the U.S. is scheduled for release at
The Treasury is set to auction 5-year notes at
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COVID-19 Update
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 82,789,710 cases with around 1,019,000 deaths.