U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 400 points on Wednesday.
Following the market opening Wednesday, the Dow traded up 0.95% to 44,880.83 while the NASDAQ rose 0.33% to 21,753.30. The S&P 500 also rose, gaining, 0.41% to 6,471.91.
Check This Out: Top 2 Tech & Telecom Stocks That May Fall Off A Cliff In Q3
Leading and Lagging Sectors
Health care shares jumped by 1.1% on Wednesday.
In trading on Wednesday, consumer staples stocks fell by 0.3%.
Top Headline
Brinker International, Inc. (NYSE:EAT) reported better-than-expected fourth-quarter EPS and sales results and raised FY2026 guidance above estimates.
The company reported fourth-quarter adjusted earnings per share of $2.49, beating the analyst consensus estimate of $2.45. Quarterly sales of $1.462 billion (+21% year over year) outpaced the Street view of $1.437 billion.
Equities Trading UP
- Bolt Projects Holdings, Inc. (NASDAQ:BSLK) shares shot up 84% to $4.02 after the company reported a year-over-year increase in second-quarter financial results.
- Shares of Momentus Inc. (NASDAQ:MNTS) got a boost, surging 46% to $1.63 after the company was awarded a NASA contract to study flying foundational robotics technologies into space.
- WEBTOON Entertainment Inc. (NASDAQ:WBTN) shares were also up, gaining 70% to $15.86 after the company announced a partnership with Disney to bring titles featuring characters from Marvel, Star Wars, Disney Studios and 20th Century Studios to its platform.
Equities Trading DOWN
- Cre8 Enterprise Limited (NASDAQ:CRE) shares dropped 77% to $1.5606.
- Shares of Color Star Technology Co., Ltd. (NASDAQ:ADD) were down 73% to $0.1498.
- ProFrac Holding Corp. (NASDAQ:ACDC) was down, falling 39% to $3.84 after the company priced a $75 million stock offering at $4 per share.
Commodities
In commodity news, oil traded down 0.5% to $62.84 while gold traded up 0.5% at $3,417.10.
Silver traded up 1.5% to $38.585 on Wednesday, while copper fell 0.1% to $4.5225.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.6%, while Spain's IBEX 35 Index rose 1%. London's FTSE 100 rose 0.2%, Germany's DAX 40 gained 0.9% and France's CAC 40 rose 0.8% during the session.
Asia Pacific Markets
Asian markets closed higher on Wednesday, with Japan's Nikkei 225 gaining 1.30%, Hong Kong's Hang Seng gaining 2.58%, China's Shanghai Composite gaining 0.48% and India's BSE Sensex gaining 0.38%.
Economics
The volume of mortgage applications in jumped by 10.9% from the previous week during the first week of August.
Now Read This:
Photo via Shutterstock
