Wall Street had a lackluster start on Wednesday, with the tech-laden Nasdaq bearing the brunt as U.S. Treasury yields rose, while investors awaited more data for clues on the timing of the Federal Reserve’s interest-rate cuts.
At 11:43 ET, the Dow Jones Industrial Average DJI was up 0.41% at 39,164.76. The S&P 500 SPX was down 0.18% at 5,166.01 and the Nasdaq Composite IXIC was down 0.70% at 16,151.969.
The top three S&P 500 (.PG.INX) percentage gainers:
** Freeport-McMoRan , up 6%
** Valero Energy , up 5.7%
** NextEra Energy , up 4.8%
The top three S&P 500 (.PL.INX) percentage losers:
** Dollar Tree , down 14.5%
** Advanced Micro Devices , down 4.4%
** Micron Technology , down 4.3%
The top three NYSE (.PG.N) percentage gainers:
** Flotek Industries , up 17.4%
** Williams-Sonoma , up 17.3%
** Getty Images Holdings , up 13.7%
The top three NYSE (.PL.N) percentage losers:
** HNR Acquisition , down 41.6%
** Ryde Group , down 19.1%
** ADC Therapeutics SA , down 13.5%
The top three Nasdaq (.PG.O) percentage gainers:
** Solowin Holdings , up 116.5%
** Gaxos.Ai , up 110.5%
** MicroCloud Hologram , up 46%
The top two Nasdaq (.PL.O) percentage losers:
** Luna Innovations , down 37.5%
** SurgePays , down 25%
** Intel INTC: down 3.2%
BUZZ – Slips after report Pentagon scraps plan to spend $2.5 bln on grant
** NextEra Energy NEE: up 4.8%
BUZZ – Edges higher after U.S. FEC closes complaint
** Li-Cycle Holdings LICY: up 21.0%
BUZZ – Rises as Glencore boosts investment
** Tesla TSLA: down 3.1%
BUZZ – Falls as Wells Fargo downgrades saying ‘growth company with no growth’
** GE HealthCare Technologies GEHC: down 3.5%
BUZZ – Falls as GE reduces stake further in upsized secondary offering
** Coinbase Global COIN: up 2.7%
** Bitfarms BITF: up 2.8%
** Riot Platforms RIOT: up 2.2%
** Hut 8 Mining HUT: up 6.7%
BUZZ – Crypto stocks rise as bitcoin soars to record high
** Align Technology ALGN: up 2.5%
BUZZ – Rises as Piper Sandler sets Street-high price target
** Oddity Tech ODD: down 2.1%
BUZZ – Drops as L Catterton to pare stake in secondary offering
** Nucor NUE: up 0.5%
BUZZ – Rises after Citigroup upgrades to “buy”, raises PT
** UnitedHealth Group UNH: up 1.0%
BUZZ – Brokerage says UnitedHealth hack may lead to pick up in volumes for Mckesson
** Archer-Daniels-Midland ADM: up 3.0%
BUZZ – Rises after announcing results, share buyback
** Cleveland-Cliffs CLF: down 1.2%
BUZZ – Falls after Citigroup downgrades to ‘neutral’
** SilverBow Resources SBOW: up 3.0%
BUZZ – Up after buyout offer from Kimmeridge
** Ionis Pharmaceuticals IONS: up 1.1%
BUZZ – Rises as liver disease drug meets main goal in mid-stage trial
** EQT EQT: down 0.2%
BUZZ – Mizuho Securities downgrades EQT Corp; cuts PT
** Williams-Sonoma WSM: up 17.3%
BUZZ – Hits record high on Q4 revenue beat, $1 bln share repurchase
** ZIM Integrated Shipping Services ZIM: down 13.5%
BUZZ – Falls after posting Q4 loss vs year-ago profit
** Kohl’s KSS: up 0.8%
BUZZ – Business outside Sephora very weak, plans taking shape, analysts say
** McDonald’s MCD: down 3.2%
BUZZ – Flags sequentially lower Q1 international revenue, shares slip
** Exxon Mobil XOM: up 1.4%
** Chevron CVX: up 1.6%
** Phillips 66 PSX: up 2.1%
** Halliburton HAL: up 1.8%
BUZZ – US energy sector up as Russian refinery attacks fuel supply concerns
** Newmont NEM: up 1.7%
** Barrick Gold ABX: up 1.7%
** Sibanye Stillwater SSW: up 6.7%
** Harmony Gold Mining HAR: up 3.6%
** AngloGold Ashanti AU: up 3.9%
BUZZ – Gold miners climb on hopes of interest rate cut in June
** Johnson & Johnson JNJ: down 0.2%
** 2Seventy Bio TSVT: down 15.5%
BUZZ – Fall after US FDA raises concerns over CAR-T therapy data
** Vera Bradley VRA: down 13.9%
BUZZ – Shares fall 12% after quarterly report, outlook
The 11 major S&P 500 sectors:
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