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U.S. stocks traded mixed this morning, with the Dow Jones index gaining more than 400 points on Wednesday.
Following the market opening Wednesday, the Dow traded up 0.87% to 48,343.46 while the NASDAQ fell 0.23% to 23,414.10. The S&P 500 also rose, gaining, 0.13% to 6,855.64.
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Leading and Lagging Sectors
Financial shares jumped by 1.2% on Wednesday.
In trading on Wednesday, communication services stocks fell by 1%.
Top Headline
IHS Holding Limited (NYSE:IHS) reported better-than-expected third-quarter results and raised its FY2025 sales guidance.
IHS reported quarterly earnings of 44 cents per share which beat the analyst consensus estimate of 10 cents per share. The company reported quarterly sales of $455.100 million which beat the analyst consensus estimate of $424.395 million.
Equities Trading UP
Equities Trading DOWN
Commodities
In commodity news, oil traded down 2.1% to $59.74 while gold traded up 0.6% at $4,139.70.
Silver traded up 1.9% to $51.71 on Wednesday, while copper rose 1.4% to $5.1370.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.7%, while Spain's IBEX 35 Index gained 1.4%. London's FTSE 100 rose 0.1%, Germany's DAX 40 gained 1.1% and France's CAC 40 climbed 1.2% during the session.
Asia Pacific Markets
Asian markets closed mostly higher on Wednesday, with Japan's Nikkei 225 gaining 0.43%, Hong Kong's Hang Seng surging 0.85%, China's Shanghai Composite declining 0.07% and India's BSE Sensex rising 0.71%.
Economics
The volume of mortgage applications rose by 0.6% from the previous week during the first week of November.
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