Dow Gains Over 100 Points; US Inflation Rate Rises In September

U.S. stocks traded mixed this morning, with the Dow Jones index gaining over 100 points on Wednesday.

Following the market opening Wednesday, the Dow traded up 0.27% to 51,809.89 while the NASDAQ fell 0.42% to 27,090.52. The S&P 500 also fell, dropping, 0.27% to 7,784.54.

Leading and Lagging Sectors

Health care shares jumped by 1.6% on Wednesday.

In trading on Wednesday, financial stocks fell by 1.1%.

Top Headline

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.

On a monthly basis, the Consumer Price Index increased 0.6%, matching expectations and accelerating from August’s 0.4% pace.

Equities Trading UP
           

• Treasure Global Inc (NASDAQ:TGL) shares shot up 249% to $0.97 after the company reported a narrower fourth-quarter loss driven by strong revenue growth.
• Shares of Antelope Enterprise Holdings Ltd (NASDAQ:AEHL) got a boost, surging 142% to $20.67.
• Greenland Energy Co (NASDAQ:GLND) shares were also up, gaining 71% to $3.79. Greenland-linked stocks traded higher after President Donald Trump said Wednesday that “massive” oil, gas and mineral exploration is about to start on the Arctic island.

Equities Trading DOWN

• CDT Equity Inc (NASDAQ:CDT) shares dipped 46% to $0.24. 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 44% to $0.56 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.
• JBDI Holdings Ltd (NASDAQ:JBDI) was down, falling 33% to $2.31. JBDI Holdings recently agreed to acquire Glorian Capital in a $900 million all-notes transaction.

Commodities 

In commodity news, oil traded up 1.5% to $95.58 while gold traded down 1.2% at $4,129.20.

Silver traded down 3.7% to $57.320 on Wednesday, while copper fell 0.3% to $6.7080.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 rose 0.4%, while Spain’s IBEX 35 Index gained 0.1%, London’s FTSE 100 rose 0.3%, Germany’s DAX gained 0.5%, while France’s CAC 40 gained 0.6%.

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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