Toward the end of trading Wednesday, the Dow traded up 0.41 percent to 23,885.08 while the NASDAQ climbed 0.74 percent to
6,947.95. The S&P also rose, gaining 0.39 percent to 2,584.33.
Leading and Lagging Sectors
Wednesday afternoon, the information technology shares climbed 1.6 percent. Meanwhile, top gainers in the sector included
Diebold Nixdorf, Incorporated (NYSE: DBD) up
27 percent, and Himax Technologies, Inc. (NASDAQ: HIMX) up 16 percent.
In trading on Wednesday, real estate shares fell 1 percent.
Top Headline
Lennar Corporation (NYSE: LEN) reported
upbeat earnings for its fourth quarter, while sales missed estimates.
Lennar posted Q4 earnings of $1.96 per share on sales of $6.459 billion. However, analysts were expecting earnings of $1.93 per
share on sales of $6.55 billion.
Equities Trading UP
Chesapeake Energy Corporation (NYSE: CHK)
shares got a boost, shooting up 13 percent to $2.7750 after the company announced stronger than expected Q4 production results.
Shares of Diebold Nixdorf, Incorporated (NYSE: DBD) shot up 27 percent to $3.5900. DA Davidson upgraded Diebold Nixdorf from Neutral
to Buy.
Atossa Genetics Inc. (NASDAQ: ATOS)
shares were also up, gaining 35 percent to $1.6654 after the company announced the completion of its Phase 1 Endoxifen study. The
study showed no clinically significant adverse events and was well tolerated.
Equities Trading DOWN
SMART Global Holdings, Inc. (NASDAQ: SGH) shares dropped 27 percent to $23.39 after the company reported downbeat
earnings for its first quarter and issued weak forecast for the second quarter.
Shares of Constellation Brands, Inc. (NYSE: STZ) were down 11 percent to $154.11 after management cut 2019 guidance to account
for its Canopy Growth Corp investment. However, the company reported upbeat Q3 earnings.
Hudson Ltd. (NYSE: HUD) was down, falling
around 13 percent to $14.53 after the company announced its CEO, Joseph DiDomizio is stepping down and the COO, Roger Fordyce will
be taking his place.
Commodities
In commodity news, oil traded up 4.42 percent to $51.98 while gold traded up 0.32 percent to $1,290.00.
Silver traded down 0.08 percent Wednesday to $15.70, while copper rose 0.23 percent to $2.662.
Eurozone
European shares closed mostly higher today. The eurozone’s STOXX 600 surged 0.53 percent, the Spanish Ibex Index fell 0.27
percent, while Italy’s FTSE MIB Index rose 0.94 percent. Meanwhile the German DAX climbed 0.83 percent, and the French CAC 40
jumped 0.84 percent while U.K. shares rose 0.66 percent.
Economics
Domestic crude supplies declined 1.68 million barrels for the week ended January 4, the Energy Information Administration
reported. However, analysts projected a drop of 2.8 million barrels. Gasoline stockpiles gained 8.07 million barrels, while
distillate stockpiles climbed 10.61 million barrels last week.
The Federal Open Market Committee issued minutes of its latest meeting.
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