Mid-Morning Market Update: Markets Mixed; Vera Bradley Tops Q3 Views

Following the market opening Wednesday, the Dow traded up 0.28 percent to 17,617.94 while the NASDAQ declined 0.35 percent to 5,080.55. The S&P also rose, gaining 0.11 percent to 2,065.88.

In trading on Wednesday, basic materials shares rose by 1.46 percent. Meanwhile, top gainers in the sector included

, up 11 percent, and

, up 5 percent. Technology shares tumbled by 0.26 percent in the US market on Wednesday. Top losers in the sector included

,

, and

.

reported upbeat results for the third quarter and issued a strong forecast for the current quarter. The company posted quarterly income from continuing operations of $10.3 million, or $0.27 per share, compared to $8.7 million, or $0.21 per share, in the year-ago period. Its adjusted earnings came in at $0.27 per share. Its sales climbed to $126.7 millon from $125.2 million. Analysts were expecting earnings of $0.20 per share on revenue of $121.14 million.

shares shot up 28 percent to $15.00 after the company reported upbeat results for the third quarter and issued a strong forecast for the current quarter. Shares of

got a boost, shooting up 23 percent to $4.24 on Vivint Solar agreement. SunEdison and

reached an agreement to amend the terms of the merger agreement.

shares were also up, gaining 20 percent to $29.48 after the company reported stronger-than-expected results for its fiscal second quarter.

shares tumbled 8 percent to $63.19. Oxford Industries reported downbeat Q3 revenue and lowered its FY16 forecast. Shares of

were down 5 percent to $49.40 following quarterly results. Lululemon reported Q3 earnings of $0.35 per share on revenue of $479.7 million.

was down, falling 6 percent to $158.75 after the company reported downbeat quarterly earnings.

In commodity news, oil traded up 0.91 percent to $37.85, while gold traded up 0.73 percent to $1,083.10. Silver traded up 1.34 percent Wednesday to $14.31, while copper rose 1.78 percent to $2.09.

European shares were lower today. The eurozone's STOXX 600 declined 0.84 percent, the Spanish Ibex Index fell 0.88 percent, while Italy's FTSE MIB Index dropped 0.55 percent. Meanwhile, the German DAX dipped 1.04 percent, and the French CAC 40 slipped 1.07 percent, while U.K. shares fell 0.22 percent.

US wholesale inventories declined 0.10 percent in October, versus economists' expectations for a 0.10 percent growth.