U.S. stocks traded lower midway through trading, with the Dow Jones index falling over 200 points on Wednesday.
The Dow traded down 0.55% to 40,145.06 while the NASDAQ dipped 2.08% to 16,473.81. The S&P 500 also fell, dropping, 1.22% to 5,330.57.
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Leading and Lagging Sectors
Energy shares surged by 1.9% on Wednesday.
In trading on Wednesday, information technology shares fell by 2.8%.
Top Headline
Travelers Companies, Inc. (NYSE:TRV) posted better-than-expected first-quarter results on Wednesday.
The company posted quarterly sales of $11.81 billion (+5% year over year) outpacing the analyst consensus estimate of $10.81 billion. The company reported first-quarter adjusted EPS of $1.91, beating the street view of $0.80.
The company declared a regular quarterly dividend increase of 5% to $1.10 per share.
Equities Trading UP
Equities Trading DOWN
Commodities
In commodity news, oil traded up 1.7% to $62.39 while gold traded up 2.8% at $3,330.10.
Silver traded up 1.6% to $32.805 on Wednesday, while copper rose 0.1% to $4.6315.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 0.83%, Germany's DAX 40 declined 0.51% and France's CAC 40 dipped 0.67%. Spain's IBEX 35 Index slipped 0.12%, while London's FTSE 100 fell 0.26%.
Asia Pacific Markets
Asian markets closed mixed on Wednesday, with Japan's Nikkei 225 falling 1.01%, China's Shanghai Composite gaining 0.26%, Hong Kong's Gang Seng index dipping 1.91% and India's BSE Sensex gaining 0.4%.
Economics
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