Nasdaq Dips Over 400 Points; Bank of America Shares Tumble After Q3 Results

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling over 400 points on Wednesday.

The Dow traded down 0.35% to 51,487.76 while the NASDAQ fell 1.54% to 26,784.11. The S&P 500 also fell, dropping, 1.03% to 7,724.98.

Leading and Lagging Sectors

Health care shares jumped by 2% on Wednesday.

In trading on Wednesday, information technology stocks fell by 2%.

Top Headline

Bank of America Corp. (NYSE:BAC) stock fell more than 5% on Wednesday after the bank reported disappointing third-quarter 2026 results.

Adjusted earnings of $1.08 per share missed the analyst consensus estimate of $1.11. Revenue, net of interest expense, rose 3% year over year to $29.96 billion but fell short of Wall Street’s estimate of $30.69 billion.

Equities Trading UP
           

• Treasure Global Inc (NASDAQ:TGL) shares shot up 260% to $1.00 after the company reported a narrower fourth-quarter loss driven by strong revenue growth.
• Shares of Bending Spoons SpA (NASDAQ:BSP) got a boost, surging 38% to $52.18 after the company announced a new $330 million investment from Berkshire Hathaway.
• Liquidia Corp (NASDAQ:LQDA) shares were also up, gaining 27% to $33.96 after the company announced a global settlement agreement with United Therapeutics, resolving all pending litigation and ensuring YUTREPIA remains available to PAH patients without disruption.

Equities Trading DOWN

• CDT Equity Inc (NASDAQ:CDT) shares dipped 51% to $0.22. The company highlighted announcement from Sarborg regarding intellectual property covering solid forms of a major respiratory medicine.
• Shares of YYForce Inc. (NASDAQ:YFOR) were down 46% to $0.54 after the company announced a partnership with Novotel Singapore on Stevens and Mercure Singapore on Stevens to introduce service robots across the hotels’ 772-room precinct.
• High Templar Tech Limited (NYSE:HTT) was down, falling 7% to $2.08 after the company reported unaudited financial results for the six months ended June 30.

Commodities 

In commodity news, oil traded up 1.5% to $95.52 while gold traded down 1.4% at $4,118.60.

Silver traded down 4.6% to $56.79 on Wednesday, while copper fell 0.5% to $6.6935.

Euro zone

European shares were mostly higher today. The eurozone’s STOXX 600 rose 0.6%, while Spain’s IBEX 35 Index slipped 0.1%, London’s FTSE 100 rose 0.4%, Germany’s DAX gained 0.7%, while France’s CAC 40 gained 0.7%.

Asia Pacific Markets

Asian markets closed lower on Wednesday, with Japan’s Nikkei 225 falling 0.05%, Hong Kong’s Hang Seng Index declining 0.13%, China’s SSE Composite Index dipping 0.88% and India’s BSE Sensex falling 0.34%.

Economics

Consumer prices rose from 3.4% to 3.7% year-over-year in September, above the 3.6% economists expected, according to the Bureau of Labor Statistics report released Wednesday.

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