Midway through trading Wednesday, the Dow traded up 0.16% to 34,633.63 while the NASDAQ fell 0.02% to 15,035.07. The S&P also rose, gaining 0.19% to 4,451.27.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 41,367,770 cases with around 663,960 deaths. India confirmed a total of at least 33,316,750 cases and 443,490 deaths, while Brazil reported over 21,019,830 COVID-19 cases with 587,790 deaths. In total, there were at least 225,885,010 cases of COVID-19 worldwide with more than 4,650,840 deaths, according to data compiled by Johns Hopkins University.
Leading and Lagging Sectors
Energy shares climbed 3% on Wednesday. Meanwhile, top gainers in the sector included NGL Energy Partners LP NGL, up 15% and W&T Offshore, Inc. WTI up 12%.
In trading on Wednesday, consumer discretionary shares dipped by 0.7%.
US industrial production rose 0.4% for August, following a 0.8% increase in the previous month.
Equities Trading UP
Indaptus Therapeutics, Inc. INDP shares shot up 164% to $18.65 after the company announced the United States Patent and Trademark Office has issued a notice of allowance for claims related to the company's platform technology.
Shares of GreenSky, Inc. GSKY got a boost, shooting 51% to $11.75. Goldman Sachs Group Inc GS agreed to acquire specialty lender GreenSky for $2.24 billion.
Tyra Biosciences, Inc. TYRA shares were also up, gaining 56% to $24.89 as the company priced its IPO at $17 per share.
Equities Trading DOWN
Sonim Technologies, Inc. SONM shares tumbled 30% to $0.3640. Sonim reported a 1-for-10 reverse stock split.
Shares of Kaival Brands Innovations Group, Inc. KAVL were down 43% to $2.58 after the company reported Q3 earnings results.
Nuwellis, Inc. NUWE was down, falling 27% to $2.70 after the company priced its 3,483,120 share common stock offering at $2.50 per share.
In commodity news, oil traded up 3.1% to $72.62, while gold traded down 0.6% to $1,797.20.
Silver traded down 0.1% Wednesday to $23.855 while copper rose 2.1% to $4.41.
European shares were mostly lower today. The eurozone’s STOXX 600 declined 0.61%, the Spanish Ibex Index fell 1.41% and the German DAX 30 dropped 0.5%. Meanwhile, the London’s FTSE 100 rose 0.02%, French CAC 40 fell 1.02% and Italy’s FTSE MIB dropped 1.15%.
Industrial output in the Eurozone increased by 1.5% in July, while hourly labor costs fell 0.1% year-over-year in the June quarter. The annual inflation rate in France was confirmed at 1.9% in August. Annual inflation rate in the UK surged to 3.2% in August, while output prices in the UK rose 5.9% year-over-year in August.
The New York Empire State Manufacturing Index surged to 34.3 in September from 18.3 in the previous month.
The price index for US imports fell 0.3% in August, while export prices rose 0.4%.
US industrial production rose 0.4% for August.
US crude oil inventories dropped 6.4 million barrels last week, the Energy Information Administration said.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.
All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.
Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.
Rate collection and criteria: Click here for more information on rate collection and criteria.