U.S. stocks traded mixed midway through trading, with the S&P 500 gaining around 0.1% on Wednesday.

The Dow traded down 0.07% to 50,155.13 while the NASDAQ fell 0.11% to 23,077.62. The S&P 500 also rose, gaining, 0.14% to 6,950.34.

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Leading and Lagging Sectors

Energy shares gained by 2.4% on Wednesday.

In trading on Wednesday, communication services stocks fell by 1.5%.

Top Headline

The U.S. economy added 130,000 jobs in January, according to data released Wednesday by the Bureau of Labor Statistics.

The pace of employment growth sharply surpassed economist expectations of 70,000 and marked a strong acceleration compared to December's downwardly revised 48,000. The unemployment rate unexpectedly dropped from 4.4% to 4.3%.

Wage growth strengthened. Average hourly earnings for private nonfarm employees rose 15 cents, or 0.4%, to 37 dollars and 17 cents. That marked an acceleration from December’s 0.1% increase and exceeded expectations of 0.3%.

Equities Trading UP
           

• RenX Enterprises Corp (NASDAQ:RENX) shares shot up 72% to $0.24. RenX announced on Tuesday that its wholly owned subsidiary, Zimmer Equipment, Inc., secured a hauling services contract with a Florida waste transfer operator. Under the agreement, Zimmer will provide dedicated hauling services to transport construction and demolition materials from a high-volume transfer facility to downstream disposal and processing sites.
• Shares of MNTN Inc (NYSE:MNTN) got a boost, surging 30% to $10.58 after the company reported better-than-expected quarterly financial results and issued FY26 sales guidance above estimates.
• Diodes Inc (NASDAQ:DIOD) shares were also up, gaining 31% to $80.81 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter sales guidance above estimates.

Equities Trading DOWN

• American Rebel Holdings Inc (NASDAQ:AREB) shares dropped 67% to $0.33. American Rebel Holdings announced a strategic transition to OTC Markets and confirmed board decision not to appeal Nasdaq delisting determination.
• Shares of Upstream Bio Inc (NASDAQ:UPB) were down 47% to $14.77. The company announced top-line results from the Phase 2 VALIANT clinical trial evaluating the safety and efficacy of verekitug in adults with severe asthma.
• Rapid7 Inc (NASDAQ:RPD) was down, falling 30% to $7.26 after the company reported fourth-quarter financial results and issued first-quarter guidance below estimates. Also, the company issued FY26 guidance below estimates.

Commodities

In commodity news, oil traded up 1.3% to $64.80 while gold traded up 1.7% at $5,115.20.

Silver traded up 5% to $84.41 on Wednesday, while copper rose 0.9% to $5.9660.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 rose 0.10%, while Spain's IBEX 35 Index fell 0.43%. London's FTSE 100 gained 1.14%, Germany's DAX slipped 0.53% and France's CAC 40 fell 0.18% during the session.

Asia Pacific Markets

Asian markets closed higher on Wednesday, with Hong Kong's Hang Seng Index gaining 0.31%, China's Shanghai Composite gaining 0.09% and India's BSE Sensex gaining 0.05%.

Economics

• The U.S. economy added 130K,000 jobs in January, compared to a revised 48,000 gain in December and higher than market estimates of 70,000.
• The U.S. unemployment rate fell to 4.3% in January from 4.4% in December, compared to market expectations of 4.4%.
• U.S. crude oil inventories surged by 8.5 million barrels to 428.8 million in the week ended Feb. 6, compared to market estimates of a 0.8 million barrel gain.

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