U.S. stocks traded lower this morning, with the Dow Jones index falling more than 100 points on Wednesday.
Following the market opening Wednesday, the Dow traded down 0.35% to 37,584.32 while the NASDAQ fell 0.66% to 14,668.39. The S&P 500 also fell, dropping, 0.49% to 4,719.52.
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Leading and Lagging Sectors
Health care shares rose by 0.1% on Wednesday.
In trading on Wednesday, materials shares fell by 1.4%.
Top Headline
Shares of UniFirst Corporation (NYSE:UNF) fell around 7% on Wednesday after the company released earnings for its first quarter.
UniFirst posted quarterly earnings of $2.26 per share, up from $1.81 per share in the year-ago period. The company's sales came in at $593.52 million versus estimates of $589.64 million.
UniFirst continues to expect FY24 revenue of $2.415 billion to $2.435 billion versus expectations of $2.43 billion. The company sees earnings of $6.52 to $7.16 per share, versus market estimates of $7.59 per share.
Equities Trading UP
NexImmune, Inc. (NASDAQ:NEXI) shares shot up 158% to $6.32 after gaining over 6% on Tuesday.
Shares of Trinity Place Holdings Inc. (NYSE:TPHS) got a boost, surging 65% to $0.1836. The company reported in 8K Filing, mortgage lender agreed to extend the mortgage loan forbearance period to Jan. 31, 2024.
Brera Holdings PLC (NASDAQ:BREA) shares were also up, gaining 71% to $1.25.
Equities Trading DOWN
RiskOn International, Inc. (NASDAQ:ROI) shares dropped 32% to $0.3100. RiskOn International, in partnership with Meetkai, announced the launch of "askROI.com."
Shares of E-Home Household Service Holdings Limited (NASDAQ:EJH) were down 26% to $2.83.
Nemaura Medical Inc. (NASDAQ:NMRD) was down, falling 26% to $0.1402.
Nemaura Medical's board of directors and management team have made the strategic decision to accept Nasdaq's determination to delist Nemaura Medical and move to the OTC Markets.
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Commodities
In commodity news, oil traded up 2% to $71.76 while gold traded down 1.5% at $2,042.10.
Silver traded down 3.2% to $23.19 on Wednesday while copper fell 1% to $3.84.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 1.1%, London's FTSE 100 fell 0.8% while Spain's IBEX 35 Index fell 1.2% The German DAX fell 1.4% French CAC 40 fell 1.9% while Italy's FTSE MIB Index dipped 1.5%.
German jobless rate rose to 5.9% in December from November's revised reading of 5.8%. The number of people registering as jobless in Spain fell by 1%, reaching 2.71 million for December.
Asia Pacific Markets
Asian markets closed mostly lower on Wednesday, with Hong Kong's Hang Seng Index falling 0.85% and China's Shanghai Composite Index gaining 0.17%. India's S&P BSE Sensex, meanwhile, fell 0.75%.
The S&P Global Indian manufacturing PMI fell to 54.9 in December from 56.0 in the prior month. Australian CoreLogic Home Value Index increased 0.4% in December versus a 0.6% increase a month ago.
Economics
Mortgage applications in the U.S. declined by 10.7% in the week ending Dec. 29.
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