Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
---|
Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
---|
Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
---|
Wall Street experienced a muted session on Wednesday morning as traders adopted a cautious stance ahead of the Federal Reserve meeting minutes release at 2 p.m. EDT and Nvidia Corp. (NASDAQ:NVDA) earnings announcement after the market close.
The tech-heavy Nasdaq 100 gained 0.2%, slightly outperforming other major indices, with the S&P 500 and the Dow both in negative territory by midday in New York.
Small caps, tracked by the iShares Russell 2000 ETF (NYSE:IWM), fell by 0.4%.
Significant gains were observed in solar and clean energy industries. The Invesco Solar ETF (NYSE:TAN) surged nearly 9%, and the Invesco WilderHill Clean Energy ETF (NYSE:PBW) jumped 5%. These gains were likely driven by newly announced trade tariff modifications on solar manufacturing equipment by the United States Trade Representative.
Notably, First Solar Inc. (NASDAQ:FSLR) soared 16% to fresh all-time highs, on track for its top-performing session gains in over a year.
Treasury yields remained steady, while the U.S. dollar index (DXY) strengthened by 0.2%. Traders are currently pricing in a 42-basis-point reduction in Federal Reserve rates by year-end.
In the commodities markets, metals saw significant declines, with gold, silver and copper falling 1.2%, 2% and 4.9%, respectively, with copper particularly affected by reports of abundant inventories in China.
Natural gas prices rallied over 4%, while oil prices eased by 0.6%. In the cryptocurrency market, Bitcoin (CRYPTO: BTC) remained flat at $70,400.
Major Indices | Price | 1-day %chg |
Nasdaq 100 | 18,745.23 | 0.2% |
S&P 500 | 5,318.84 | 0.0% |
Dow Jones | 39,809.02 | -0.2% |
Russell 2000 | 2,093.71 | -0.3% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) was 0.1% lower to $530.75, the SPDR Dow Jones Industrial Average (NYSE:DIA) fell 0.2% to $397.99 and the tech-heavy Invesco QQQ Trust (NASDAQ:QQQ) was up 0.1% to $456.34, according to Benzinga Pro data.
Among sectors, the Technology Select Sector SPDR Fund (NYSE:XLK) outperformed, up by 0.5%. The Energy Select Sector SPDR Fund (NYSE:XLE) lagged behind, dropping 1.8%, likely impacted by news of the Biden administration directing the Department of Energy to release 1 million barrels of gasoline from strategic reserves.
Photo via Shutterstock.
Posted In: $BTC ADI BRC DIA DY ENPH FSLR GOGL IWM MAXN NVDA PBW QQQ SNOW SNPS SPWR SPY TAN TBBB TGT