U.S. stocks traded mostly lower toward the end of trading, while the Nasdaq Composite edged higher on Wednesday.
The Dow traded down 0.47% to 44,381.89 while the NASDAQ rose 0.08% to 19,660.45. The S&P 500 also fell, dropping, 0.25% to 6,053.09.
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Leading and Lagging Sectors
Consumer discretionary shares rose by 0.3% on Wednesday.
In trading on Wednesday, energy shares dipped by 2.2%.
Top Headline
CVS Health Corp (NYSE:CVS) shares jumped more than 16% on Wednesday after the company reported better-than-expected results for its fourth quarter.
The company posted fourth-quarter sales of $97.71 billion, beating the consensus of $97.19 billion.
Adjusted EPS of $1.19 decreased from $2.12 in the prior year, beating the consensus of $0.93, primarily due to a decline in the Health Care Benefits segment’s operating results, which reflect continued utilization pressure and the unfavorable impact of the Company’s Medicare Advantage star ratings for the 2024 payment year.
Equities Trading UP
Equities Trading DOWN
Commodities
In commodity news, oil traded down 2.4% to $71.53 while gold traded down 0.2% at $2,928.30.
Silver traded up 1.3% to $32.745 on Wednesday, while copper rose 2.2% to $4.7025.
Euro zone
European shares close higher today. The eurozone's STOXX 600 rose 0.11%, Germany's DAX 40 rose 0.50% and France's CAC 40 rose 0.17%. Spain's IBEX 35 Index rose 1.07%, while London's FTSE 100 rose 0.34%.
Asia Pacific Markets
Asian markets closed mostly higher on Wednesday, with Japan's Nikkei 225 gaining 0.42%, China's Shanghai Composite Index rising 0.85%, Hong Kong's Hang Seng Index jumping 2.64% and India's BSE Sensex falling 0.16%.
Economics
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