Toward the end of trading Wednesday, the Dow traded up 0.30 percent to 19,915.99 while the NASDAQ declined 0.14 percent to
5,544.03. The S&P also rose, gaining 0.04 percent to 2,269.69.
Leading and Lagging Sectors
Energy shares gained around 0.88 percent in trading on Wednesday. Meanwhile, top gainers in the sector included BP Prudhoe
Bay Royalty Trust (NYSE: BPT), and Global Partners
LP (NYSE: GLP).
In trading on Wednesday, healthcare shares fell by 1.72 percent. Meanwhile, top losers in the sector included Alnylam
Pharmaceuticals, Inc. (NASDAQ: ALNY), down 8 percent,
and Achillion Pharmaceuticals, Inc. (NASDAQ: ACHN),
down 8 percent.
Top Headline
SUPERVALU INC. (NYSE: SVU) reported
weaker-than-expected earnings for its third quarter on Wednesday.
Supervalu posted Q3 adjusted earnings of $0.05 per share on revenue of $3.0 billion. Analysts were expecting earnings of $0.13
per share on revenue of $3.8 billion.
Equities Trading UP
Derma Sciences Inc (NASDAQ: DSCI) shares shot up
39 percent to $6.95 after the company agreed to be acquired by Integra Lifesciences Holdings Corp (NASDAQ: IART) for $7.00 per share in cash.
Shares of Enphase Energy Inc (NASDAQ: ENPH) got a
boost, shooting up 19 percent to $1.34 after the company reported a $10 million strategic investment from T.J.Rodgers and John
Doerr.
Kornit Digital Ltd (NASDAQ: KRNT) shares were also
up, gaining 16 percent to $16.25 after the company disclosed that it has signed an agreement with Amazon for digital printing
technology to help Amazon expand on-demand production for garment decoration.
Equities Trading DOWN
Novadaq Technologies Inc. (NASDAQ: NVDQ) shares
dropped 18 percent to $6.30 after the company issued a weak sales forecast.
Shares of Ethan Allen Interiors Inc. (NYSE: ETH) were
down around 10 percent to $31.40 after the company issued a weak outlook for the second quarter.
SUPERVALU INC. (NYSE: SVU) was down, falling around 8
percent to $4.43 after the company reported weaker-than-expected earnings for its third quarter on Wednesday.
Commodities
In commodity news, oil traded up 3.40 percent to $52.55 while gold traded up 0.72 percent to $1,194.00.
Silver traded down 0.05 percent Wednesday to $16.84, while copper fell 0.27 percent to $2.61.
Eurozone
European shares closed mostly higher today. The eurozone’s STOXX 600 rose 0.23 percent, the Spanish Ibex Index declined 0.46
percent, while Italy’s FTSE MIB Index rose 0.32 percent. Meanwhile the German DAX gained 0.54 percent, and the French CAC 40 rose
0.01 percent while U.K. shares rose 0.21 percent.
Economics
The MBA’s index of mortgage application activity rose 5.80 percent for the week ended January 6, 2017.
Crude oil supplies increased 4.1 million barrels for the week ended January 6, the U.S. Energy Information Administration
reported. However, analysts were expecting a gain of 1.8 million barrels. Gasoline supplies gained 5.02 million barrels, while
distillate stockpiles rose 8.36 million barrels.
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