U.S. stocks traded higher this morning, with the Dow Jones index gaining around 250 points on Wednesday.
The Dow traded up 0.56% to 44,957.85 while the NASDAQ rose 0.61% to 19,599.96. The S&P 500 also rose, gaining, 0.29% to 6,067.20.
Leading and Lagging Sectors
Information technology shares jumped by 1% on Wednesday.
In trading on Wednesday, energy shares fell by 0.6%.
Top Headline
Shares of Salesforce Inc. (NYSE:CRM) jumped around 10% on Wednesday after the company reported results for its third quarter.
Salesforce reported third-quarter revenue of $9.44 billion, beating the consensus estimate of $9.35 billion. The enterprise cloud solutions company reported adjusted earnings of $2.41 per share, missing analyst estimates of $2.44 per share, according to Benzinga Pro.
Equities Trading UP
- Cyclerion Therapeutics, Inc. (NASDAQ:CYCN) shares shot up 273% to $6.00.
- Shares of CN Energy Group. Inc. (NASDAQ:CNEY) got a boost, surging 123% to $0.7049 after the company announced it has been granted a 180-day extension by Nasdaq to regain compliance with its $1.00 minimum bid price requirement.
- SRM Entertainment, Inc. (NASDAQ:SRM) shares were also up, gaining 111% to $1.33 after the company announced its online sales on Amazon grew 417% since September.
Equities Trading DOWN
- Relmada Therapeutics, Inc. (NASDAQ:RLMD) shares dropped 76% to $0.6698 after the company announced its Reliance II Phase 3 study indicated results were futile and unlikely to meet the primary efficacy endpoint with statistical significance.
- Shares of Oriental Rise Holdings Limited (NASDAQ:ORIS) were down 39% to $7.30.
- PSQ Holdings, Inc. (NYSE:PSQH) was down, falling 33% to $5.11 after the company announced a $36.2 million registered direct offering of common stock.
Commodities
In commodity news, oil traded up 0.2% to $70.05 while gold traded up 0.2% at $2,674.40.
Silver traded up 0.8% to $31.730 on Wednesday, while copper rose 0.1% to $4.2060.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 gained 0.5%, Germany's DAX climbed 0.9% and France's CAC 40 rose 0.9%. Spain's IBEX 35 Index rose 0.8%, while London's FTSE 100 fell 0.2%.
Asia Pacific Markets
Asian markets closed mixed on Wednesday, with Japan's Nikkei 225 gaining 0.07%, Hong Kong's Hang Seng Index falling 0.02%, China's Shanghai Composite Index falling 0.42% and India's BSE Sensex gaining 0.14%.
Economics
U.S. Private businesses added 146K workers to their payrolls for the month of November compared to a revised 184K gain in October, and versus market estimates of 150K.
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