U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 200 points on Wednesday.
Following the market opening Wednesday, the Dow traded up 0.49% to 44,721.78 while the NASDAQ rose 0.05% to 20,903.11. The S&P 500 also rose, gaining, 0.26% to 6,326.17.
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Leading and Lagging Sectors
Health care shares jumped by 1.2% on Wednesday.
In trading on Wednesday, communication services stocks dipped by 0.3%.
Top Headline
AT&T Inc. (NYSE:T) announced strong financial results for its fiscal second quarter of 2025 on Wednesday, surpassing analyst expectations for both revenue and earnings.
The telecom giant reported operating revenues of $30.80 billion, marking a 3.5% increase compared to the same period last year and exceeding the consensus estimate of $30.45 billion. Adjusted earnings per share (EPS) stood at $0.54, also beating the analyst forecast of $0.52.
Equities Trading UP
- ABIVAX Société Anonyme (NASDAQ:ABVX) shares shot up 548% to $64.81 after the company announced that Obefazimod met all its key secondary endpoints. JMP Securities raised its price target on the stock from $33 to $39.
- Shares of Alpha Modus Holdings, Inc. (NASDAQ:AMOD) got a boost, surging 76% to $2.04 after the company announced it secured exclusive US rights to CashX kiosks.
- Anebulo Pharmaceuticals, Inc. (NASDAQ:ANEB) shares were also up, gaining 75% to $3.1900 after the company announced a reverse stock split with a ratio of at least 1-for-2500.
Equities Trading DOWN
- Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) shares dropped 28% to $1.6102.
- Shares of INVO Fertility, Inc. (NASDAQ:IVF) were down 22% to $2.6896.
- Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) was down, falling 21% to $0.4119. The company announced the elimination of its series A preferred stock and its related obligations in exchange for 2.1 million common shares.
Commodities
In commodity news, oil traded down 2% to $64.93 while gold traded down 0.6% at $3,423.30.
Silver traded up 0.5% to $39.765 on Wednesday, while copper rose 3.3% to $5.9125.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 1%, while Spain's IBEX 35 Index rose 0.1%. London's FTSE 100 gained 0.5%, Germany's DAX 40 rose 0.5% and France's CAC 40 climbed 1.3% during the session.
Asia Pacific Markets
Asian markets closed higher on Wednesday, with Japan's Nikkei 225 surging 3.51%, Hong Kong's Hang Seng gaining 1.62%, China's Shanghai Composite gaining 0.01% and India's BSE Sensex rising 0.66%.
Economics
- U.S. existing-home sales declined 2.7% from the previous month to an annual rate of 3.93 million units in June.
- The volume of mortgage applications rose by 0.8% from the previous week during the third week of July.
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