U.S. stocks traded mixed midway through trading, with the Dow Jones index falling around 0.2% on Wednesday.
The Dow traded down 0.18% to 43,011.70 while the NASDAQ gained 0.20% to 19,953.27. The S&P 500 also rose, gaining, 0.02% to 6,093.14.
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Leading and Lagging Sectors
Information technology shares jumped by 0.8% on Wednesday.
In trading on Wednesday, real estate stocks fell by 1.3%.
Top Headline
U.S. crude oil inventories declined by 5.836 million barrels in the week ended June 20, compared to market estimates of a 0.75 million barrel fall.
Equities Trading UP
- Plus Therapeutics, Inc. (NASDAQ:PSTV) shares shot up 59% to $0.2968 after the company announced FDA clearance of its investigational new drug application for REYOBIQ to treat childhood brain cancer.
- Shares of QuantumScape Corporation (NYSE:QS) got a boost, surging 36% to $5.88 after the company achieved a key 2025 milestone by successfully integrating its advanced Cobra separator process into baseline cell production.
- SeaStar Medical Holding Corporation (NASDAQ:ICU) shares were also up, gaining 49% to $0.5362 after the company announced it is taking strategic actions to regain Nasdaq compliance.
Equities Trading DOWN
- Lifeward Ltd. (NASDAQ:LFWD) shares dropped 38% to $0.6015 after the company announced the pricing of a $2.6 million public offering of 4 million shares and warrants at a combined price of $0.65 per share and associated ordinary warrant.
- Shares of Torrid Holdings Inc (NYSE:CURV) were down 37% to $3.1900 after the company announced the pricing of a secondary offering of 10 million shares at $3.50 per share.
- Allot Ltd. (NASDAQ:ALLT) was down, falling 17% to $8.01 after the company announced the pricing of its $40 million public offering of 5 million shares at $8.00 per shares.
Commodities
In commodity news, oil traded up 2.5% to $65.99 while gold traded up 0.3% at $3,343.80.
Silver traded up 1% to $36.070 on Wednesday, while copper rose 0.7% to $4.9605.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 0.74%, while Spain's IBEX 35 Index fell 1.59%. London's FTSE 100 fell 0.46%, Germany's DAX 40 fell 0.61% and France's CAC 40 slipped 0.76% during the session.
Asia Pacific Markets
Asian markets closed higher on Wednesday, with Japan's Nikkei gaining 0.39%, Hong Kong's Hang Seng Index gaining 1.23%, China's Shanghai Composite rising 1.04% and India's BSE Sensex rising 0.85%.
Economics
- Sales of new single-family homes in the U.S. dipped by 13.7% from the previous month to an annualized rate of 623,000 units in May.
- U.S. building permits declined by 2% to an annualized rate of 1.394 million in May.
- U.S. volume of mortgage applications increased by 1.1% from the previous week in the week ending June 20.
- U.S. crude oil inventories declined by 5.836 million barrels in the week ended June 20, compared to market estimates of a 0.75 million barrel fall.
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