U.S. stocks traded mixed this morning, with the Dow Jones gaining more than 50 points on Wednesday.
Following the market opening Wednesday, the Dow traded up 0.16% to 47,548.62 while the NASDAQ fell 0.42% to 23,316.49. The S&P 500 also fell, dropping, 0.07% to 6,824.67.
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Leading and Lagging Sectors
Energy shares jumped by 1% on Wednesday.
In trading on Wednesday, information technology stocks fell by 0.9%.
Top Headline
Dollar Tree, Inc. (NASDAQ:DLTR) delivered stronger-than-expected quarterly results and healthy sales growth.
The company reported third-quarter adjusted earnings per share of $1.21, beating the analyst consensus estimate of $1.08. Quarterly sales of $4.746 billion (+9.4% year over year) outpaced the Street view of $4.699 billion.
Equities Trading UP
- Capricor Therapeutics, Inc. (NASDAQ:CAPR) shares shot up 441% to $34.40. The company announced topline results from its Phase 3 HOPE-3 Trial evaluating deramiocel cell therapy for Duchenne Muscular Dystrophy met its primary endpoint and secondary cardiac endpoint.
- Shares of Virax Biolabs Group Limited (NASDAQ:VRAX) got a boost, surging 66% to $0.6511 after the company announced clinical progress and intends to report clinical data from its UK PAIS trial in 2026.
- Q/C Technologies, Inc. (NASDAQ:QCLS) shares were also up, gaining 36% to $4.5967.
Equities Trading DOWN
- CIMG Inc. (NASDAQ:IMG) shares dropped 35% to $0.1201 after the company announced a 20-for-1 reverse stock split.
- Shares of Black Diamond Therapeutics, Inc. (NASDAQ:BDTX) were down 28% to $2.4800 after the company reported preliminary Phase 2 data for Silevertinib in 1L NSCLC and plans for a Phase 2 trial of Silevertinib in GBM.
- ScanTech AI Systems Inc. (NASDAQ:STAI) was down, falling 28% to $0.2695.
Commodities
In commodity news, oil traded up 0.9% to $59.18 while gold traded up 0.9% at $4,256.90.
Silver traded up 0.4% to $58.930 on Wednesday, while copper rose 2.8% to $5.3865.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 rose 0.2%, while Spain's IBEX 35 Index rose 1.6%. London's FTSE 100 rose 0.1%, Germany's DAX 40 gained 0.1% and France's CAC 40 rose 0.1% during the session.
Asia Pacific Markets
Asian markets closed mixed on Wednesday, with Japan's Nikkei gaining 1.14%, Hong Kong's Hang Seng falling 1.28%, China's Shanghai Composite falling 0.51% and India's BSE Sensex falling 0.04%.
Economics
- The S&P Global services PMI declined to 54.1 in November from 54.8 in the prior month, and revised lower from the preliminary reading of 55.
- The S&P Global composite PMI fell to 54.2 in November from 54.6 in the previous month and down from the preliminary level of 54.8.
- U.S. industrial production increased 0.1% month-over-month in September compared to a revised 0.3% decline in August.
- Private businesses in the U.S. lowered 32,000 jobs in November compared to a revised 47,000 gain in the previous month.
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