U.S. stocks traded mostly lower this morning, with the Dow Jones index falling more than 400 points on Wednesday.

Following the market opening Wednesday, the Dow traded down 0.78% to 52,334.00 while the NASDAQ declined 0.02% to 24,872.92. The S&P 500 also fell, dropping, 0.04% to 7,426.03.

Leading and Lagging Sectors

Energy shares jumped by 3% on Wednesday.

In trading on Tuesday, industrials stocks fell by 1.1%.

Top Headline

Procter & Gamble Co (NYSE:PG) shares fell around 4% on Wednesday after the company reported worse-than-expected Q4 sales results and issued FY27 GAAP EPS guidance below estimates.

Procter & Gamble reported quarterly earnings of $1.43 per share which beat the analyst consensus estimate of $1.41 per share. The company reported quarterly sales of $21.203 billion which missed the analyst consensus estimate of $21.379 billion.

Equities Trading UP
           

  • Autonomix Medical Inc (NASDAQ:AMIX) shares shot up 117% to $5.96.
  • Shares of Nocera Inc (NASDAQ:NCRA) got a boost, surging 113% to $3.04 after the company announced it acquired a 30% interest in QMAX Technology.
  • Star Fashion Culture Holdings Ltd (NASDAQ:STFS) shares were also up, gaining 53% to $5.57.

Equities Trading DOWN

  • AiRWA Inc (NASDAQ:YYAI) shares dropped 49% to $0.45.
  • Shares of Processa Pharmaceuticals Inc (NASDAQ:PCSA) were down 33% to $2.03 after the company announced a $200 million private placement and acquisition of Vidya Therapeutics BTK Inhibitor VT-7208.
  • Parsons Corp (NYSE:PSN) was down, falling 33% to $41.42 after the company reported worse-than-expected second-quarter sales results and cut its FY26 sales guidance below estimates.

Commodities

In commodity news, oil traded up 6.4% to $84.35 while gold traded down 0.7% at $4,011.50.

Silver traded down 0.2% to $57.410 on Wednesday, while copper fell 0.6% to $6.3220.

Euro zone

European shares were mixed today. The eurozone’s STOXX 600 fell 0.1%, while Spain’s IBEX 35 Index fell 1.3% London’s FTSE 100 rose 0.3%, Germany’s DAX gained 0.2%, while France’s CAC 40 fell 0.6%.

Asia Pacific Markets

Asian markets closed mixed on Wednesday, with Japan’s Nikkei 225 dipping 1.49%, Hong Kong’s Hang Seng index surging 1.96%, China’s Shanghai Composite rising 0.40% and India’s BSE Sensex gaining 1.2%.

Economics

The volume of mortgage applications declined by 6.4% from the previous week in the week ending July 24.

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