U.S. stocks traded mostly lower this morning, with the Dow Jones index falling over 50 points on Wednesday.

Following the market opening Wednesday, The Dow traded down 0.15% to 42,145.12 while the NASDAQ fell 0.02% to 18,070.61. The S&P 500 also fell, dropping, 0.01% to 5,732.80.

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Leading and Lagging Sectors

Utilities shares jumped by 0.5% on Wednesday.

In trading on Wednesday, energy shares fell by 0.7%.

Top Headline

Cintas Corporation (NASDAQ:CTAS) reported better-than-expected first-quarter financial results ad raised its guidance.

Cintas reported quarterly earnings of $1.10 per share which beat the analyst consensus estimate of 95 cents per share. The company reported quarterly sales of $2.50 billion which met the analyst consensus estimate.

Equities Trading UP
                       

Equities Trading DOWN

Commodities

In commodity news, oil traded down 1.7% to $70.35 while gold traded up 0.3% at $2,684.90.

Silver traded down 1.1% to $32.075 on Wednesday, while copper rose 0.1% to $4.4945.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 rose 0.1%, Germany's DAX fell 0.2% and France's CAC 40 fell 0.2%. Spain's IBEX 35 Index rose 0.1%, while London's FTSE 100 rose 0.1%.

Producer prices in Spain declined by 1.3% year-over-year in August compared to a revised 1.6% decline in the previous month. The consumer confidence indicator in France climbed to 95.1 in September from 92.5 in the prior month.

Asia Pacific Markets

Asian markets closed mostly higher on Wednesday, with Japan's Nikkei 225 falling 0.19%, Hong Kong's Hang Seng Index jumping 0.68%, China's Shanghai Composite Index gaining 1.16% and India's BSE Sensex gaining 0.30%.

The People's Bank of China cut its one-year policy loan rate by 30bps to 2.0%.

Economics

• U.S. building permits increased by 4.6% to an annual rate of 1.470 million in August.
• U.S. mortgage applications rose by 11% from the prior week during the week ending Sept. 20, compared to a 14.2% gain in the earlier week.

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