Midway through trading Wednesday, the Dow traded up 0.29% to 29318.12 while the NASDAQ rose 0.76% to 9,806.34. The S&P also rose, gaining 0.47% to 3,386.08.
Leading and Lagging Sectors
Information technology shares climbed 0.9% on Wednesday. Meanwhile, top gainers in the sector included Enphase Energy Inc ENPH, up 30%, and Shotspotter Inc SSTI, up 25%.
In trading on Wednesday, real estate shares fell 1.2%.
Top Headline
DISH Network Corporation DISH reported better-than-expected results for its fourth quarter.
DISH posted Q4 earnings of $0.69 per share, beating analysts’ estimates of $0.59 per share. Its sales came in at $3.24 billion, topping expectations of $3.15 billion. Net pay-TV subscribers fell by 194,000 during the quarter.
Equities Trading UP
Enphase Energy, Inc. ENPH shares shot up 33% to $53.32 after the company reported better-than-expected Q4 results.
Shares of Myomo, Inc. MYO got a boost, shooting 41% to $7.70 after the company signed a nationwide payer network agreement with HOMELINK.
ShotSpotter, Inc. SSTI shares were also up, gaining 25% to $35.54 after the company reported better-than-expected Q4 results. The company also reaffirmed FY20 guidance.
Equities Trading DOWN
Groupon, Inc. GRPN shares tumbled 43% to $1.74 after the company reported worse-than-expected Q4 results. The company announced it plans to exit the goods industry.
Shares of Blue Apron Holdings, Inc. APRN were down 23% to $3.3779 after the company reported weak quarterly earnings and disclosed that it is evaluating a range of strategic alternatives.
Scientific Games Corporation SGMS was down, falling 19% to $23.70 after the company reported Q4 results.
Commodities
In commodity news, oil traded up 1.5% to $52.82, while gold traded up 0.4% to $1,609.50.
Silver traded up 0.6% Wednesday to $18.26, while copper fell 0.8% to $2.5825.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 gained 0.8% the Spanish Ibex Index rose 0.89%, while Italy’s FTSE MIB Index climbed 0.95% Meanwhile, the German DAX gained 0.72%, and the French CAC 40 rose 0.86% while UK shares rose 1.06%.
Economics
U.S. housing starts declined 3.6% at an annual rate of 1.567 million units in January, while building permits climbed 9.2% at an annual rate of 1,551 thousand.
The Producer Price Index increased 0.5% for January, following a revised 0.2% rise for December.
Federal Reserve Bank of Dallas President Robert Kaplan will speak at 1:30 p.m. ET.
The Federal Open Market Committee will issue minutes of its latest meeting at 2:00 p.m. ET.
Federal Reserve Bank of Richmond President Thomas Barkin is set to speak at 4:30 p.m. ET.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.