U.S. stocks traded mixed this morning, with the Dow Jones index gaining around 250 points on Wednesday.
Following the market opening Wednesday, the Dow traded up 0.56% to 46,011.86 while the NASDAQ fell 0.36% to 22,252.63. The S&P 500 also fell, dropping, 0.04% to 6,604.37.
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Leading and Lagging Sectors
Consumer staples shares jumped by 1.1% on Wednesday.
In trading on Wednesday, information technology stocks fell by 0.7%.
Top Headline
U.S. housing starts dipped 8.5% month-over-month to an annual rate of 1.307 million units in August, following a revised 1.429 million in the previous month and down from market estimates of 1.37 million.
Building permits declined by 3.7% to an annualized rate of 1.312 million in August.
Equities Trading UP
- SciSparc Ltd. (NASDAQ:SPRC) shares shot up 197% to $5.42 after Automax Motors filed a motion to Jerusalem District Court in connection with its merger with the company.
- Shares of Visionary Holdings Inc. (NASDAQ:GV) got a boost, surging 92% to $3.20 after the company announced that it has entered into a strategic partnership with Jiangsu Yike Regenerative Medicine, a leading regenerative medical research institute in China.
- TNL Mediagene (NASDAQ:TNMG) shares were also up, gaining 55% to $0.5061. TNL Mediagene announced a major strategic initiative to integrate digital assets into its business model and to implement a digital asset treasury strategy.
Equities Trading DOWN
- Turbo Energy, S.A. (NASDAQ:TURB) shares dropped 27% to $8.99. Turbo Energy shares surged 359% on Tuesday after the company was selected for a $53 million contract to deploy energy storage projects in Spain with total capacity of 366 MWh.
- Shares of Boxlight Corporation (NASDAQ:BOXL) were down 27% to $1.83. Boxlight shares jumped over 45% on Tuesday after the company began shipping Google EDLA-certified Clevertouch Pro Series to North American schools.
- ChowChow Cloud International (NYSE:CHOW) was down, falling 28% to $9.13 after jumping 215% on Tuesday.
Commodities
In commodity news, oil traded down 0.5% to $64.23 while gold traded down 0.5% at $3,706.80.
Silver traded down 1.9% to $42.105 on Wednesday, while copper fell 1.5% to $4.6215.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 rose 0.1%, while Spain's IBEX 35 Index fell 0.1%. London's FTSE 100 rose 0.3%, Germany's DAX 40 gained 0.1% and France's CAC 40 fell 0.2% during the session.
Asia Pacific Markets
Asian markets closed mostly higher on Wednesday, with Japan's Nikkei falling 0.25%, Hong Kong's Hang Seng surging 1.78%, China's Shanghai Composite rising 0.37% and India's BSE Sensex gaining 0.38%.
Economics
- U.S. housing starts dipped 8.5% month-over-month to an annual rate of 1.307 million units in August, following a revised 1.429 million in the previous month and down from market estimates of 1.37 million.
- Building permits declined by 3.7% to an annualized rate of 1.312 million in August.
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