Mid-Morning Market Update: Energy Shares Rise By 1.3%; ConocoPhilips Shares Move Higher

Following the market opening Wednesday, the Dow traded down 0.15% to 26,788.10, while the NASDAQ fell 0.72% to 8,104.30. The S&P also fell, losing 0.36% to 2,995.99.

Energy shares climbed 1.31% on Wednesday. Meanwhile, top gainers in the sector included

, up 20.32%, and

, up 56.54%. In trading on Wednesday, Consumer Discretionary shares fell 0.27%.

shares rise, despite a third-quarter earnings miss. Boeing reported its quarterly revenue at $19.98 billion, ahead of Street expectations of $19.67 billion. However, the company's earnings came in at $1.45 per share, significantly lower than the consensus estimate of $2.09 per share. The airplane maker reiterated the expectation of regulatory approval of the 737 Max's return to service beginning in the fourth quarter and monthly production to increase from 42 to 57 by late 2020.

shares rose 43.90% to $4.13 in pre-market trading after the company announced that it had achieved a major milestone of selling over 50 DragonFly systems worldwide since the launch of the product's commercial sales in the fourth quarter of 2017.

shares rose 16.07% to $2.60 in pre-market trading on Wednesday, after news of partnership with Amazon to establish in-store pickup service counters in the U.S.

shares rose 7.26% to $2.66 in pre-market trading.

shares fell 39.59% to $9.20 in pre-market trading, after the company announced its preliminary third quarter results and revised its full year 2019 guidance.

shares fell 18.56% to $44 in pre-market trading, after the company announced better than anticipated earnings and revenue results for the third quarter but lowered its fourth quarter guidance.

shares fell 10.96% to $16 in pre-market trading, after the company reported lower than expected third quarter earnings of $0.34.

In commodity news, oil traded down 0.24% to $54.36, while gold traded up 0.57% to $1,496.00 Silver traded up 0.46% Wednesday to $17.58, while copper traded up 0.46% to $2.64.

European shares were a mixed bag today. The Eurozone's STOXX 600 fell 0.03%, the Spanish Ibex Index rose 0.08%, while Italy's FTSE MIB Index was down 0.67%. Meanwhile, the German DAX gained 0.17%, and the French CAC 40 declined 0.30%, while UK shares climbed 0.41%.

The US Monthly Budget Statement for September will be released at 1 p.m. EST.