Nasdaq Jumps Over 300 Points; Boyd Group Services Shares Plunge After Q3 Results

U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining over 300 points on Wednesday.

Following the market opening Wednesday, the Dow traded down 0.12% to 52,167.82 while the NASDAQ rose 1.30% to 25,391.43. The S&P 500 also rose, gaining, 0.85% to 7,585.20.

Leading and Lagging Sectors

Information technology shares jumped by 2.3% on Wednesday.

In trading on Wednesday, health care stocks fell 0.8%.

Top Headline

Boyd Group Services Inc (NYSE:BGSI) shares fell around 12% on Wednesday after the company posted downbeat results for the third quarter.

The company posted adjusted earnings of 68 cents per share, missing market estimates of 85 cents per share. The company’s sales came in at $1.013 billion, missing expectations of $1.021 billion.

Equities Trading UP
           

• NextNRG, Inc. (NASDAQ:NXXT) shares shot up 511% to $1.14. NextNRG disclosed in an SEC filing that a Nasdaq panel denied its request to continue its listing.
• Shares of Intercont (Cayman) Ltd (NASDAQ:NCT) got a boost, surging 137% to $0.97. Intercont recently announced an 8-for-1 reverse stock split, effective Nov. 16.
• Socket Mobile Inc (NASDAQ:SCKT) shares were also up, gaining 110% to $0.53.

Equities Trading DOWN

• Basel Medical Group Ltd (NASDAQ:BMGL) shares dipped 64% to $0.70 after dipping 64% on Tuesday.
• Shares of Stak Inc (NASDAQ:STAK) were down 55% to $2.23 after jumping 20% on Tuesday. The company recently announced that its second-tier subsidiary, STAK Industry Energy, has entered into a non-binding letter of intent regarding the potential procurement of gas-powered generators.
• Chanson International Holding (NASDAQ:CHSN) was down, falling 48% to $1.22.

Commodities 

In commodity news, oil traded up 2.2% to $87.94 while gold traded down 0.2% at $4,022.10.

Silver traded up 2.1% to $52.320 on Wednesday, while copper rose 0.7% to $6.2760.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 gained 0.4%, while Spain’s IBEX 35 Index rose 0.1%, London’s FTSE 100 rose 0.4%, Germany’s DAX climbed 0.9%, while France’s CAC 40 surged 0.5%.

Asia Pacific Markets

Asian markets closed higher on Wednesday, with Japan’s Nikkei 225 gaining 1.31%, Hong Kong’s Hang Seng index falling 0.98%, China’s SSE Composite Index rising 0.46% and India’s BSE Sensex gaining 0.95%.

Economics

The volume of mortgage applications climbed by 6.2% on the week ending Nov. 6.

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