U.S. stocks traded mixed this morning, with the Nasdaq Composite falling over 50 points on Wednesday.
The Dow traded up 0.06% to 44,889.33 while the NASDAQ fell 0.34% to 19,104.42. The S&P 500 also fell, dropping, 0.17% to 6,011.61.
Check This Out: Jim Cramer: Linde Is A ‘Terrific’ Company, Sees Another Stock Up 75% As ‘Not Done’
Leading and Lagging Sectors
Real estate shares jumped by 0.7% on Tuesday.
In trading on Tuesday, information technology shares fell by 1%.
Top Headline
The US economy grew by an annualized rate of 2.8% in the third quarter, the same as in the flash reading, versus 3% in the previous quarter.
Equities Trading UP
- Top KingWin Ltd (NASDAQ:WAI) shares shot up 129% to $0.55. Top KingWin announced a $2,500,000 convertible promissory note private placement.
- Shares of HWH International Inc. (NASDAQ:HWH) got a boost, surging 61% to $0.9850.
- Unusual Machines, Inc. (NYSE:UMAC) shares were also up, gaining 76% to $9.42 after the company announced that Donald Trump Jr. has joined its advisory board.
Equities Trading DOWN
- Primega Group Holdings Limited (NASDAQ:PGHL) shares dropped 88% to $12.82 after surging 919% on Tuesday..
- Shares of Outlook Therapeutics, Inc. (NASDAQ:OTLK) were down 80% to $0.9545 after the company announced it plans to resubmit the biologics license application for ONS-5010 after reporting preliminary topline results of its Norse eight clinical trial.
- Haoxi Health Technology Limited (NASDAQ:HAO) was down, falling 40% to $0.1235. Haoxi Health Technology was awarded a RMB30 million framework contract to provide digital advertising services for Tengyuan Media Advertising.
Commodities
In commodity news, oil traded down 0.2% to $68.66 while gold traded up 1.1% at $2,650.90.
Silver traded up 0.9% to $30.435 on Wednesday, while copper rose 0.7% to $4.1485.
Euro zone
European shares closed lower today. The eurozone's STOXX 600 slipped 0.4%, Germany's DAX fell 0.3% and France's CAC 40 dipped 1%. Spain's IBEX 35 Index fell 0.6%, while London's FTSE 100 fell 0.2%.
The GfK Consumer Climate Indicator for Germany declined to a reading of -23.3 points heading into December, recording the lowest level since May.
Asia Pacific Markets
Asian markets closed mostly higher on Wednesday, with Japan's Nikkei 225 falling 0.80%, Hong Kong's Hang Seng Index gaining 2.32%, China's Shanghai Composite Index climbing 1.53% and India's BSE Sensex gaining 0.29%.
Economics
- The U.S. economy grew by an annualized rate of 2.8% in the third quarter, the same as in the flash reading, versus 3% in the previous quarter.
- U.S. initial jobless claims came in unchanged at 213,000 for the week ending Nov. 23, compared to market estimates of 216,000.
- The U.S. goods trade deficit shrank to $99.1 billion in October versus a revised gap of $108.7 billion in the previous month.
- U.S. wholesale inventories increased by 0.2% month-over-month to $905 billion in October, compared to a 0.2% decline in the prior month.
Now Read This:
