Toward the end of trading Wednesday, the Dow traded down 0.18 percent to 19,791.90 while the NASDAQ gained 0.06 percent to
5,542.15. The S&P also rose, gaining 0.03 percent to 2,268.65.
Leading and Lagging Sectors
Basic materials shares gained around 0.57 percent in trading on Wednesday. Meanwhile, top gainers in the sector included
Olympic Steel, Inc. (NASDAQ: ZEUS), and United
States Steel Corporation (NYSE: X).
In trading on Wednesday, energy shares fell by 0.54 percent. Meanwhile, top losers in the sector included Cameco Corp
(USA) (NYSE: CCJ), down 18 percent, and Baytex Energy
Corp (USA) (NYSE: BTE), down 6 percent.
Top Headline
Goldman Sachs Group Inc (NYSE: GS) reported
better-than-expected results for its fourth quarter.
Goldman Sachs Group reported that it earned $5.08 per share in the fourth quarter on revenue of $8.17 billion. Wall Street
analysts were expecting the company to earn $4.82 per share on revenue of $7.72 billion.
Equities Trading UP
Apricus Biosciences Inc (NASDAQ: APRI) shares shot
up 132 percent to $3.48 after the company reported the approval of Vitaros in Mexico to treat erectile dysfunction.
Shares of Shiloh Industries, Inc. (NASDAQ: SHLO)
got a boost, shooting up 18 percent to $9.20. Shiloh reported Q4 adjusted earnings of $0.50 per share on revenue of $281.7
million.
CoLucid Pharmaceuticals Inc (NASDAQ: CLCD) shares
were also up, gaining 33 percent to $46.25 after the company agreed to be acquired by Eli Lilly and Co (NYSE: LLY) for $46.50 per share in cash.
Equities Trading DOWN
Pearson PLC (ADR) (NYSE: PSO) shares dropped 29
percent to $7.12 after the company lowered its profit forecast for the year and cut its dividend.
Shares of Gigamon Inc (NYSE: GIMO) were down around
30 percent to $31.05 after the company lowered its Q4 earnings guidance.
EnteroMedics Inc (NASDAQ: ETRM) was down, falling
around 34 percent to $5.87. EnteroMedics reported the pricing of $16.5 million underwritten public offering at $5.31 per unit.
Commodities
In commodity news, oil traded down 2.50 percent to $51.93 while gold traded down 0.17 percent to $1,210.80.
Silver traded up 0.59 percent Wednesday to $17.25, while copper fell 0.34 percent to $2.62.
Eurozone
European shares closed mostly higher today. The eurozone’s STOXX 600 gained 0.18 percent, the Spanish Ibex Index fell 0.09
percent, while Italy’s FTSE MIB Index climbed 0.32 percent. Meanwhile the German DAX gained 0.51 percent, and the French CAC 40
fell 0.13 percent while U.K. shares rose 0.38 percent.
Economics
The Consumer Price Index rose 0.3 percent for December, versus economists’ expectations for a 0.3 percent growth.
The Johnson Redbook Retail Sales Index rose 0.6 percent during the first two weeks of January versus December.
U.S. industrial production rose 0.80 percent for December, versus economists’ expectations for a 0.60 percent growth.
The NAHB housing market index dropped 2 points to 67 in January. Economists were expecting a reading of 69 in January.
The Federal Reserve released its latest Beige Book report.
Federal Reserve Chair Janet Yellen is set to speak in San Francisco at 3:00 p.m. ET.
The Treasury International Capital data for November will be released at 4:00 p.m. ET.
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