US Stocks Rise, Gold Gains 1%
US stocks trade mostly higher, with the Dow Jones index gaining 0.1% and gold rising 1.1% to $4,488.30
U.S. stocks traded mostly higher midway through trading, with the Dow Jones index gaining around 0.1% on Wednesday.
The Dow traded up 0.09% to 53,838.24 while the NASDAQ rose 0.47% to 26,569.48.
The S&P 500 also rose, gaining, 0.24% to 7,746.41.
Leading and Lagging Sectors Information technology shares jumped by 1.1% on Wednesday.
In trading on Wednesday, communication services stocks fell by 1.3%.
Top Headline Performance Food Group Co (NYSE: PFGC ) shares fell over 6% on Wednesday after the company reported worse-than-expected fourth-quarter financial results and issued first-quarter guidance below estimates.
Performance Food reported quarterly earnings of $1.59 per share which missed the analyst consensus estimate of $1.60 per share.
The company reported quarterly sales of $18.029 billion which missed the analyst consensus estimate of $18.088 billion.
Equities Trading UP American Integrity Insurance Group Inc (NYSE: AII ) shares shot up 17% to $23.58 after the company reported better-than-expected quarterly financial results.
Shares of ERock Inc (NYSE: EROC ) got a boost, surging 20% to $13.51 after the company reported better-than-expected quarterly financial results.
Boxlight Corp ( NASDAQ: BOXL ) shares were also up, gaining 69% to $4.96 after the company announced it closed a private placement for up to $7.5 million in newly created Series D Convertible Preferred Stock.
Equities Trading DOWN National CineMedia, Inc. ( NASDAQ: NCMI ) shares dropped 31% to $2.62 after the company reported worse-than-expected second-quarter financial results.
Also, the company acquired Captivate Holdings.
Shares of United States Antimony Corp ( NYSE: UAMY ) were down 22% to $5.15 after the company reported worse-than-expected second-quarter financial results and cut its FY26 sales guidance below estimates.
Sutro Biopharma Inc (NASDAQ: STRO ) was down, falling 16% to $21.00 after the company announced downbeat quarterly results.
Commodities In commodity news, oil traded down 0.1% to $83.10 while gold traded up 1.1% at $4,488.30.
Silver traded up 2.2% to $66.335 on Wednesday, while copper rose 0.4% to $6.66.
Euro zone European shares were mixed today.
The eurozone’s STOXX 600 gained 0.1%, while Spain’s IBEX 35 Index rose 0.2% London’s FTSE 100 fell 0.1%, Germany’s DAX gained 0.3%, while France’s CAC 40 fell 0.3%.
Asia Pacific Markets Asian markets closed mixed on Wednesday, with Japan’s Nikkei 225 gaining 0.83%, Hong Kong’s Hang Seng index dipping 0.83%, China’s Shanghai Composite rising 0.32% and India’s BSE Sensex declining 0.24%.
Economics The Consumer Price Index (CPI) rose 3.4% year-over-year in July, line with the annual inflation economists expected and down from June’s 3.5% increase, the Bureau of Labor Statistics reported Wednesday.
On a monthly basis, consumer prices rose 0.1% in July, a rebound from June’s 0.4% decline and matching the 0.1% economists expected.
The volume of mortgage applications increased by 3.6% in the first week of August, recording the largest gain in two months.
U.S. crude inventories jumped by 17.422 million barrels to 424.4 million barrels during the week ended Aug.
7, versus market estimates of a 1.4 million-barrel decline.
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