U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining more than 50 points on Wednesday.
Following the market opening Wednesday, the Dow traded down 0.12% to 43,036.30 while the NASDAQ gained 0.39% to 19,989.80. The S&P 500 also rose, gaining, 0.12% to 6,099.54.
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Leading and Lagging Sectors
Information technology shares jumped by 1% on Wednesday.
In trading on Wednesday, real estate stocks fell by 0.9%.
Top Headline
Shares of General Mills, Inc. (NYSE:GIS) fell around 3% on Wednesday after the company posted mixed fourth-quarter results and issued a cautious full-year outlook.
The global packaged food company registered quarterly adjusted earnings per share of 74 cents, beating the analyst consensus estimate of 71 cents. Quarterly sales of $4.56 billion (down 3% year over year) missed the Street view of $4.59 billion.
General Mills expects its fiscal 2026 adjusted diluted EPS to decline 10%-15% in constant currency from the fiscal year 2025 base of $4.21. The company projects organic net sales to range between a 1% decline and a 1% increase.
Equities Trading UP
- Plus Therapeutics, Inc. (NASDAQ:PSTV) shares shot up 96% to $0.3664 after the company announced FDA clearance of its investigational new drug application for REYOBIQ to treat childhood brain cancer.
- Shares of Urgent.ly Inc. (NASDAQ:ULY) got a boost, surging 81% to $8.15.
- SeaStar Medical Holding Corporation (NASDAQ:ICU) shares were also up, gaining 68% to $0.6031 after the company announced it is taking strategic actions to regain Nasdaq compliance.
Equities Trading DOWN
- Lifeward Ltd. (NASDAQ:LFWD) shares dropped 41% to $0.5755 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 $3.2250 after the company announced the pricing of a secondary offering of 10 million shares at $3.50 per share.
- Globavend Holdings Limited (NASDAQ:GVH) was down, falling 33% to $0.8350.
Commodities
In commodity news, oil traded up 1.1% to $65.04 while gold traded up 0.1% at $3,334.50.
Silver traded up 0.3% to $35.855 on Wednesday, while copper rose 0.5% to $4.9490.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 0.5%, while Spain's IBEX 35 Index fell 1.3%. London's FTSE 100 fell 0.4%, Germany's DAX 40 fell 0.6% and France's CAC 40 slipped 0.6% 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.
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