US stocks rose slightly in late trading, with the Nasdaq Composite gaining around 0.2% on Wednesday.
The Dow rose 0.07% to 42,186.44, while the NASDAQ gained 0.24% to 17,952.61. The S&P 500 also rose 0.03% to 5,710.22.
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Leading and lagging sectors
Information technology stocks jumped 0.6% on Wednesday.
On Wednesday, consumer staples stocks fell 1%.
Top title
ConAgra Brands, Inc (NYSE:CAG) reported weaker than expected results for its first quarter.
ConAgra reported adjusted earnings per share of $0.53, missing analysts’ consensus of $0.60. Net sales of $2.79 billion (down 3.8%) missed estimates of $2.84 billion.
Corporate stocks on the rise
- Shares of Joby Aviation, Inc (NYSE:JOBY) rose 25% to $6.02 after the company announced that Toyota will invest an additional $500 million to support the certification and commercial production of its electric air taxi.
- RPM International Inc. (NYSE:RPM) shares got a boost, up 7% to $128.37, after the company reported better-than-expected Q1 adjusted EPS results.
- Shares of MMTec, Inc (NASDAQ:MTC) also rose, gaining 46% to $0.6818. US-listed Chinese stocks rose following the continued strength of recent stimulus measures and the start of the National Holiday Golden Week.
Title falling
- Humana Inc (NYSE:HUM) shares fell 13% to $242.64 after the company announced an update on its 2025 Stars decline and how it will have a impact on quality bonus payments in 2026.
- Shares of Eagle Pharmaceuticals, Inc. (NASDAQ:EGRX) fell 34% to $2.35 after the company announced it would be delisted from Nasdaq.
- Aditxt Inc (NASDAQ:ADTX) was lower, losing 30% to $3.1318. Aditxt recently announced a 1-for-40 reverse stock split.
Raw materials
Commodity news, oil rose 0.4% to $70.08, while gold lost 0.7% to $2,672.80.
On Wednesday, silver rose 0.8% to $31.980, while copper rose 1.3% to $4.65.
Eurozones
The performance of the European stock index was mixed today. The euro zone’s Stoxx 600 index rose 0.05%, Germany’s DAX fell 0.25% and France’s CAC 40 fell 0.05%. Spain’s IBEX 35 index fell 0.55%, while London’s FTSE 100 gained 0.17%.
The eurozone unemployment rate remained unchanged from the previous month, at 6.4% in August.
Asia Pacific Markets
Asian markets closed mixed on Wednesday, with Japan’s Nikkei 225 down 2.18% and Hong Kong’s Hang Seng index up 6.20%.
Economy
- Private companies in the United States added 143,000 workers to their workforces during September, compared with a revised gain of 103,000 in August and market estimates of 124,000, the ADP said.
- The U.S. Energy Information Administration said U.S. crude oil inventories increased by 3.889 million barrels for the week ending Sept. 27, compared with market estimates of a decline of 1 .3 million.
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