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The U.S. stock market finished Wednesday's session largely unchanged. The Dow and S&P 500 recorded small losses while the Nasdaq was modestly higher on the day. The biggest losing sectors were basic materials, down 0.48 percent, and consumer staples, down 0.41 percent. Positive sectors included energy, up 0.12 percent, and utilities, which added 0.10 percent.
Gainers on the session included Agios Pharmaceuticals Inc (NASDAQ: AGIO), which climbed 26 percent, and Calavo Growers, Inc. (NASDAQ: CVGW), which added more than 15 percent. Losers included Sprouts Farmers Market Inc (NASDAQ: SFMI), which fell 14 percent, and HD Supply Holdings Inc (NASDAQ: HDS), which shed 12 percent on the session.
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Major Averages
The Dow Jones Industrial Average lost 12 points, or 0.06 percent, to close at 18,526.
The S&P 500 shed less than a point, or 0.02 percent, to close at 2,186.
The Nasdaq climbed 8 points, or 0.15 percent, to finish at 5,284.
Commodities
The commodity complex was higher on Wednesday with the Bloomberg Commodity Index adding 0.65 percent on the day.
NYMEX crude oil futures added 1.38 percent to $45.45 while Brent contracts climbed 1.29 percent to finish at 47.87. Natural gas futures shed 1.29 percent on the session to $2.68.
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Precious metals fell mid-week. COMEX gold futures lost 0.32 percent to $1,327.70. The SPDR Gold Trust ETF (NYSE: GLD) fell 0.34 percent to close the equity session at $128.27. Silver contracts shed 1.36 percent on the session to $19.87. The iShares Silver Trust ETF (NYSE: SLV) lost 1.42 percent to close at $17.62.
In the grains complex, corn and wheat were both higher on the session. Corn contracts added 1.45 percent to $3.3325 per bushel and wheat futures climbed 1.07 percent to $4.0275.
Bonds
Treasury prices were slightly lower. At the close of equities, the iShares Barclays 20+ Year Treasury Bond ETF (NYSE: TLT) had lost 0.07 percent to $139.54.
Treasury yields were as follows on Wednesday afternoon: The yield on the 2-Year Note was 0.74 percent. The 5-Year Note was yielding 1.12 percent. The 10-Year Note was last yielding 1.54 percent while the 30-Year Bond yield was 2.23 percent.
Currencies
The U.S. Dollar was modestly higher. The PowerShares DB US Dollar Index Bullish ETF (NYSE: UUP), which tracks the performance of the greenback versus a basket of foreign currencies, traded up 0.16 percent to $24.54. The closely watched EUR/USD pair fell 0.15 percent to 1.1238 euros.
Volatility and Volume
The CBOE Volatility Index (VIX) was slightly lower. At last check, the VIX had fallen 1 percent to 11.90, and remains near 52-week low levels.
Volume picked up some on Wednesday, but remains below average levels. Around 71 million SPDR S&P 500 ETF (NYSE: SPY) shares traded hands versus a 3-month daily average of just over 89 million shares. Trading in the PowerShares QQQ Trust (NASDAQ: QQQ), which tracks the Nasdaq 100, was below average with around 17 million shares being traded compared to a 3-month daily average of 21.2 million.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.