U.S. stocks traded lower this morning, with the Dow Jones index falling over 200 points on Wednesday.

Following the market opening Wednesday, the Dow traded down 0.41% to 52,106.03 while the NASDAQ fell 0.67% to 26,037.18. The S&P 500 also fell, dropping, 0.48% to 7,463.10.

Leading and Lagging Sectors

Communication services shares jumped by 2% on Wednesday.

In trading on Wednesday, information technology stocks fell by 1.9%.

Top Headline

General Mills (NYSE:GIS) reported better-than-expected fourth-quarter financial results.

General Mills reported quarterly earnings of 95 cents per share which beat the analyst consensus estimate of 80 cents per share. The company reported quarterly sales of $4.610 billion which beat the analyst consensus estimate of $4.595 billion.

Equities Trading UP
           

  • Token Cat Ltd – ADR (NASDAQ:TC) shares shot up 224% to $6.00 after dipping 77% on Tuesday.
  • Shares of Linkhome Holdings Inc (NASDAQ:LHAI) got a boost, surging 158% to $1.70 after the company announced it has completed the acquisition of 100% of the equity interests of Mortgage One Group.
  • Eason Technology Ltd (NYSE:DXF) shares were also up, gaining 142% to $0.89 after falling 3% on Tuesday.

Equities Trading DOWN

  • INLIF Ltd (NASDAQ:INLF) shares dropped 44% to $0.032 after the company announced a 1-for-200 reverse stock split.
  • Shares of Optimum Communications Inc (NYSE:OPTU) were down 31% to $1.00. Optimum’s subsidiary announced preliminary results of tender offer for shares of Optimum’s Class A common stock.
  • Shutterstock Inc (NYSE:SSTK) was down, falling 28% to $10.03 after Getty Images’ board terminated its merger agreement with the company.

Commodities

In commodity news, oil traded down 0.5% to $69.16 while gold traded down 0.1% at $4,036.60.

Silver traded down 1.3% to $59.160 on Wednesday, while copper fell 1.5% to $6.1625.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 declined 0.5%, while Spain’s IBEX 35 Index fell 0.7%. London’s FTSE 100 fell 0.5%, Germany’s DAX slipped 0.3%, while France’s CAC 40 dipped 0.9%.

Asia Pacific Markets

Asian markets closed higher on Wednesday, with Japan’s Nikkei 225 gaining 0.59%, China’s Shanghai Composite rising 0.44% and India’s BSE Sensex gaining 0.58%.

Economics

  • U.S. private businesses added 98,000 jobs in June, down from 122,000 in May and market estimates of 113,000.
  • U.S. volume of mortgage applications came in unchanged from the previous week during the last week of June.

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