Nasdaq Surges 150 Points; ISM Services PMI Falls In November

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 150 points on Wednesday.

The Dow traded up 0.30% to 44,838.93 while the NASDAQ rose 0.80% to 19,637.25. The S&P 500 also rose, gaining, 0.23% to 6,063.99.

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Leading and Lagging Sectors

Information technology shares jumped by 1.1% on Wednesday.

In trading on Wednesday, energy shares fell by 1.9%.

Top Headline

The ISM services PMI fell to 52.1 in November compared to 56 in October and down from market estimates of 55.5.

Equities Trading UP
                       

Equities Trading DOWN

Commodities

In commodity news, oil traded down 0.1% to $69.88 while gold traded up 0.2% at $2,673.60.

Silver traded up 0.9% to $31.780 on Wednesday, while copper rose 0.1% to $4.2045.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 gained 0.32%, Germany's DAX climbed 0.96% and France's CAC 40 rose 0.53%. Spain's IBEX 35 Index rose 0.76%, while London's FTSE 100 fell 0.27%.

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

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