U.S. stocks were mostly lower this morning, with the Nasdaq Composite falling more than 50 points on Wednesday.

Following the market opening Wednesday, the Dow traded down 0.03% to 35,303.64 while the NASDAQ fell 0.47% to 13,818.70. The S&P 500, also fell, dropping, 0.14% to 4,493.14.

Check This Out: Wall Street's Most Accurate Analysts Say Hold These 3 Financial Stocks With Over 5% Dividend Yields

Leading and Lagging Sectors

• Energy shares jumped by 1.5% on Wednesday.
• In trading on Wednesday, information technology shares fell 0.7%.

Top Headline

Charles River Laboratories International, Inc. (NYSE:CRL) reported better-than-expected second-quarter financial results.

Charles River posted adjusted earnings of $2.69 per share, topping expectations of $2.64 per share. The company’s sales came in at $1.06 billion, versus estimates of $1.05 billion.

Charles River Laboratories raised its FY23 non-GAAP EPS estimate to $10.30 – $10.90 from $9.90 – $10.90.

Equities Trading UP

Equities Trading DOWN

Also Check This Out: Disney To Report Earnings After Market Closes Wednesday, Options Traders Anticipate 5.5% Move

Commodities

In commodity news, oil traded up 1.4% to $84.09 while gold traded down 0.2% at $1,956.30.

Silver traded down 0.3% to $22.74 on Wednesday while copper rose 0.7% to $3.7935.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 rose 0.7%, London’s FTSE 100 rose 0.8% while Spain’s IBEX 35 Index rose 0.6% The German DAX gained 0.7% French CAC 40 rose 0.9% and Italy’s FTSE MIB Index gained 1.5%.

Asia Pacific Markets

Asian markets closed mixed on Wednesday, with Japan’s Nikkei 225 falling 0.53%, China’s Shanghai Composite Index falling 0.49% and Hong Kong’s Hang Seng Index gaining 0.32%. India’s S&P BSE Sensex, meanwhile, rose 0.1%.

China's producer prices declined 4.4% year-over-year in July following a 5.4% decline in the previous month, while consumer prices fell by 0.3%% year-over-year in July, versus a flat reading in the prior month.

Japan’s machine tool orders fell 19.8% year-over-year to JPY 114,251 million in July following a revised 22.2% decline in the prior month.

Economics

Mortgage applications in the US declined 3.1% during the first week of August.

Now Read This: Top 3 Tech Stocks That May Fall Off A Cliff

COVID-19 Update

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 107,569,370 cases with around 1,170,790 deaths. India confirmed a total of at least 44,996,030 cases and 531,910 deaths, while France reported over 40,138,560 COVID-19 cases with 167,640 deaths. In total, there were at least 693,010,490 cases of COVID-19 worldwide with more than 6,905,650 deaths.