Toward the end of trading Wednesday, the Dow traded up 0.06% to 34,333.12 while the NASDAQ rose 0.53% to 13,728.97. The S&P also rose, gaining 0.18% to 4,195.77.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 33,166,870 cases with around 590,950 deaths. India confirmed a total of at least 27,157,790 cases and 311,380 deaths, while Brazil reported over 16,194,200 COVID-19 cases with 452,030 deaths. In total, there were at least 167,886,350 cases of COVID-19 worldwide with more than 3,487,240 deaths, according to data compiled by Johns Hopkins University.
Leading and Lagging Sectors
Consumer discretionary shares climbed 1.1% on Wednesday. Meanwhile, top gainers in the sector included Express, Inc. (NYSE:EXPR), up 22%, and Build-A-Bear Workshop, Inc. (NYSE:BBW), up 24%.
In trading on Wednesday, health care shares fell 0.5%.
Top Headline
Dick's Sporting Goods, Inc. (NYSE:DKS) reported better-than-expected Q1 results and also announced plans to buyback a minimum of $200 million of its common shares in 2021.
Dick's Sporting posted quarterly earnings of $3.79 per share, exceeding market estimates of $1.12 per share. The company’s quarterly sales came in at $2.92 billion, versus analysts’ estimates of $2.18 billion.
Dick's Sporting Goods said it sees FY21 adjusted EPS of $8.00-$8.70 and sales of $10.515 billion-$10.806 billion.
Equities Trading UP
Owens & Minor, Inc. (NYSE:OMI) shares shot up 32% to $42.69. Owens & Minor said it sees FY22 adjusted EPS of $3.00-$3.50. The company also issued long-term target for $12 billion in revenues and over $6 in adjusted EPS by 2026.
Shares of Build-A-Bear Workshop, Inc. (NYSE:BBW) got a boost, shooting 24% to $12.53 after the company reported better-than-expected Q1 results and raised FY21 EBITDA guidance.
PDL Community Bancorp (NASDAQ:PDLB) shares were also up, gaining 27% to $14.71. Ponce Bank Mutual Holding Company and PDL Community Bancorp adopted a Plan of Conversion and Reorganization, under which both companies will reorganize into a new stock holding company and will conduct a second-step stock offering of new shares.
Check out these big movers of the day
Equities Trading DOWN
Larimar Therapeutics, Inc. (NASDAQ:LRMR) shares tumbled 39% to $8.26 after the FDA instituted a clinical hold on the company’s CTI-1601 clinical program as a treatment for Friedreich's Ataxia (FA), a neurodegenerative movement disorder.
Shares of CarLotz, Inc. (NASDAQ:LOTZ) were down 15% to $4.4150 after the company issued a company update. A leading corporate vehicle sourcing partner for CarLotz has paused consignments to the company.
Commodities
In commodity news, oil traded down 0.1% to $65.98, while gold traded up 0.1% to $1,900.60.
Silver traded down 0.6% Wednesday to $27.89 while copper rose 0.4% to $4.5255.
Euro zone
European shares closed mostly lower today. The eurozone’s STOXX 600 rose 0.01%, the Spanish Ibex Index fell 0.13% and the German DAX 30 dropped 0.09%. Meanwhile, the London’s FTSE 100 slipped 0.04%, French CAC 40 rose 0.02% and Italy’s FTSE MIB fell 0.46%.
French consumer confidence rose to 97 in May from 95 in the prior month, while manufacturing climate indicator rose to 107 from 104.
Economics
US crude-oil inventories declined 1.7 million barrels last week, the Energy Information Administration said.
The survey of business uncertainty for May will be released at 11:00 a.m. ET.
Federal Reserve Governor Randal Quarles will speak at 3:00 p.m. ET.
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
