Toward the end of trading Wednesday, the Dow traded up 0.4 percent to 24,130 while the NASDAQ climbed 0.07 percent to 24,113.18.
The S&P also rose, gaining 0.31 percent to 2,642.72.
Leading and Lagging Sectors
Wednesday afternoon, the energy shares gained 0.74 percent. Meanwhile, top gainers in the sector included Pengrowth Energy
Corporation (NYSE: PGH), up 12 percent, and Scorpio
Tankers Inc. (NYSE: STNG), up 12 percent.
In trading on Wednesday, real estate shares tumbled 0.39 percent.
Top Headline
Twitter Inc (NYSE: TWTR) reported
better-than-expected results for its first quarter.
The social media company earned 16 cents per share in the first quarter on revenue of $664.87 million versus expectations of 11
cents per share and $605.26 million.
Advertising revenue rose 21 percent to $575 million, data licensing and other revenue rose 20 percent to $90 million. Monthly
active users rose from 330 million in the fourth quarter to 336 million.
Equities Trading UP
K12 Inc. (NYSE: LRN) shares shot up 31 percent to
$10.15 following Q3 results.
Shares of Travelzoo (NASDAQ: TZOO) got a boost,
shooting up 30 percent to $10.16 following strong Q1 results.
Six Flags Entertainment Corporation (NYSE: SIX)
shares were also up, gaining 8 percent to $64.01 as the company posted a narrower-than-expected loss for its first quarter.
Equities Trading DOWN
Trivago NV - ADR (NASDAQ: TRVG) shares dropped 22
percent to $4.98 following downbeat quarterly results.
Shares of Teradyne, Inc. (NYSE: TER) were down 16
percent to $34.6801 after the company issued downbeat Q2 guidance.
HFF, Inc. (NYSE: HF) was down, falling around 18
percent to $38.805 following weaker-than-expected quarterly results.
Commodities
In commodity news, oil traded up 0.31 percent to $67.91 while gold traded down 0.69 percent to $1,323.80.
Silver traded down 1.02 percent Wednesday to $16.615, while copper fell 0.27 percent to $3.1555.
Eurozone
European shares closed lower today. The eurozone’s STOXX 600 fell 0.77 percent, the Spanish Ibex Index fell 0.26 percent, while
Italy’s FTSE MIB Index dipped 0.97 percent. Meanwhile the German DAX fell 1.02 percent, and the French CAC 40 declined 0.57 percent
while U.K. shares fell 0.62 percent.
Economics
Crude supplies increased 2.2 million barrels for the week ended April 20, the U.S. Energy Information Administration reported.
Analysts projected a fall of1.1 million barrels. Gasoline stockpiles rose 800,000 barrels, while distillate stockpiles slipped 2.6
million barrels for the week.
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