Midway through trading Wednesday, the Dow traded up 0.04% to 27,701.84 while the NASDAQ fell 0.06% to 8,481.28. The S&P also rose, gaining 0.03% to 3,092.80.
Leading and Lagging Sectors
In trading on Wednesday, financial shares fell 0.5%.
Spectrum Brands Holdings Inc (NYSE: SPB) reported better-than-expected earnings for its fourth quarter.
Spectrum Brands reported quarterly earnings of $1.13 per share, beating analysts’ estimates of $1.1 per share. Its sales came in at $993 million, versus expectations of $987.21 million.
Equities Trading UP
Nortech Systems Incorporated (NASDAQ: NSYS) shares shot up 96% to $5.46 after the company reported Q3 results.
Shares of Electromed, Inc. (NYSE: ELMD) got a boost, shooting up 25% to $8.90 after the company announced upbeat Q1 results.
Cardlytics, Inc. (NASDAQ: CDLX) shares were also up, gaining 29% to $51.53 after the company reported better-than-expected Q3 EPS and sales results. The company also issued FY19 sales guidance above analyst estimates.
Equities Trading DOWN
Applied DNA Sciences, Inc. (NASDAQ: APDN) shares tumbled 74% to $4.98 after the company reported pricing of upsized $12.0 million underwritten public offering.
Shares of Diffusion Pharmaceuticals Inc. (NASDAQ: DFFN) were down 51% to $0.2637 after the company announced a $4 million offering of common stock and warrants.
Exela Technologies, Inc. (NASDAQ: XELA) was down, falling 40% to $0.3579 after the company reported worse-than-expected Q3 EPS and sales results. The company also issued FY19 sales guidance below analyst estimates.
In commodity news, oil traded up 0.8% to $57.25, while gold traded up 0.8% to $1,465.30.
Silver traded up 1% Wednesday to $16.865, while copper fell 0.4% to $2.635.
European shares were lower today. The eurozone’s STOXX 600 fell 0.29%, the Spanish Ibex Index fell 1.34%, while Italy’s FTSE MIB Index declined 0.94%. Meanwhile, the German DAX dropped 0.45%, and the French CAC 40 fell 0.22% while UK shares fell 0.19%.
The Consumer Price Index rose 0.4% for October, versus economists’ expectations for a 0.3% increase.
Minneapolis Federal Reserve Bank President Neel Kashkari will speak in La Crosse, Wisconsin at 1:30 p.m. ET.
The U.S. Treasury budget report for October will be released at 2:00 p.m. ET.
Philadelphia Federal Reserve Bank President Patrick Harker is set to speak in Wilmington, Delaware at 7:30 p.m. ET.