The Latest Breaking News from NYSE

U.S. stocks traded higher toward the end of trading, with the Dow Jones gaining around 150 points on Wednesday.

Wall Street has officially fallen into a bear market as investor sentiment is hammered by soaring inflation, rising interest rates and worries about a looming recession in the world’s largest economy. 

La-Z-Boy Inc. (NYSE: LZB) shares are trading higher after the company reported better-than-expected fourth quarter EPS and sales results. The company also issued 2023 first quarter sales guidance.

Direxion Energy Bull 2X Shares (NYSE: ERX) gapped down 10.42% to start the trading day on Wednesday. The ETF was erasing some of its losses in the afternoon, trading about 8% lower.

US crude oil futures traded lower on Wednesday. Investors, meanwhile, focused on some notable insider trades.

Alibaba Group Holding Limited (NYSE: BABA), through its Pakistan e-commerce subsidiary Daraz, expanded its reach across Bangladesh, Sri Lanka, Nepal, and Myanmar, becoming South Asia's largest e-commerce company outside India, 

Although the US stocks closed higher on Tuesday, there were a few notable insider trades.

Canadian National Railway Co (NYSE:CNI) plans to invest ~C$430 million in Ontario and ~C$365 million in Alberta in 2022. The plan includes investments in technology, capacity, rolling stock units, company-wide decarbonization initiatives, and network improvements. The investments will power sustainable growth and ensure the safe movement of goods. "We are building the premier railroad…

Someone with a lot of money to spend has taken a bearish stance on HSBC Holdings (NYSE:HSBC). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.