financetom
Market
financetom
/
Market
/
Dow Surges 150 Points, US Current Account Deficit Widens In Q3
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Dow Surges 150 Points, US Current Account Deficit Widens In Q3
Dec 18, 2024 8:00 AM

U.S. stocks traded higher this morning, with the Dow Jones index gaining around 150 points on Wednesday.

Following the market opening Wednesday, the Dow traded up 0.36% to 43,607.95 while the NASDAQ rose 0.07% to 20,123.16. The S&P 500 also rose, gaining, 0.12% to 6,058.13.

Check This Out: How To Earn $500 A Month From Micron Stock Ahead Of Q1 Earnings

Leading and Lagging Sectors

Information technology shares rose by 0.5% on Wednesday.

In trading on Wednesday, energy shares fell by 0.5%.

Top Headline

The U.S. recorded a current account deficit of $310.9 billion in the third quarter compared to the revised gap of $275.0 billion in the previous period and versus market estimates of a $284 billion gap.

Equities Trading UP

                       

Polyrizon Ltd. ( PLRZ ) shares shot up 273% to $3.9199 after the company announced it secured a GMP partnership with Eurofins CDO Amatsiaquitaine.

Shares of Snow Lake Resources Ltd. ( LITM ) got a boost, surging 200% to $0.5353.

Nvni Group Limited ( NVNI ) shares were also up, gaining 214% to $1.32.

Equities Trading DOWN

TransCode Therapeutics, Inc. ( RNAZ ) shares dropped 49% to $3.24. TransCode Therapeutics ( RNAZ ) announced Safety Review Committee approval of opening third cohort and preliminary results from first cohort in Phase 1 TTX-MC138 clinical trial.

Shares of XCHG Limited ( XCH ) were down 48% to $12.21.

Corvus Pharmaceuticals, Inc. ( CRVS ) was down, falling 46% to $4.0098. The company announced interim data from the randomized, double-blind, placebo-controlled Phase 1 clinical trial evaluating soquelitinib in patients with moderate to severe atopic dermatitis.

Commodities

In commodity news, oil traded up 1.2% to $70.93 while gold traded down 0.3% at $2,653.10.

Silver traded down 0.7% to $30.700 on Wednesday, while copper rose 0.3% to $4.1580.

Euro zone

European shares were mostly lower today. The eurozone's STOXX 600 rose 0.2%, Germany's DAX rose 0.2% and France's CAC 40 rose 0.4%. Spain's IBEX 35 Index gained 0.6%, while London's FTSE 100 rose 0.1%.

Asia Pacific Markets

Asian markets closed mixed on Wednesday, with Japan's Nikkei 225 falling 0.72%, Hong Kong's Hang Seng Index gaining 0.83%, China's Shanghai Composite Index gaining 0.62% and India's BSE Sensex falling 0.62%.

Economics

U.S. mortgage applications fell by 0.7% from the previous week during the week ending Dec. 13, compared to the 5.4% gain in the previous week.

The U.S. recorded a current account deficit of $310.9 billion in the third quarter compared to the revised gap of $275.0 billion in the previous period and versus market estimates of a $284 billion gap.

U.S. housing starts fell 1.8% to an annualized rate of 1.289 million units in November from 1.312 million in October.

U.S. building permits in gained by 6.1% to an annualized rate of 1.505 million in November.

Now Read This:

Wall Street’s Most Accurate Analysts Give Their Take On 3 Industrials Stocks With Over 3% Dividend Yields

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
INDIA STOCKS-Indian shares aim for record highs, joining Fed-inspired global rally
INDIA STOCKS-Indian shares aim for record highs, joining Fed-inspired global rally
Jul 31, 2024
BENGALURU, Aug 1 (Reuters) - Indian shares are set to hit all-time highs on Thursday, tracking a global rally after the U.S. Federal Reserve Chair Jerome Powell hinted at a possible interest rate cut in September, although Infosys could be a drag on the market. The GIFT Nifty was at 25,105.5 points as of 8:10 a.m. IST, suggesting the Nifty...
Meta Platforms, Nvidia, Arm Holdings, Qualcomm, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Meta Platforms, Nvidia, Arm Holdings, Qualcomm, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Jul 31, 2024
On Wednesday, major U.S. indices closed in positive territory. The Dow Jones Industrial Average rose 0.2%, finishing at 40,842.79, while the S&P 500 surged 1.6% to 5,522.30. The Nasdaq experienced a significant gain, jumping 2.6% to 17,599.40. Federal Reserve Chair Jerome Powell indicated that a rate cut might happen in September if inflation and the labor market meet expectations. The...
INDIA STOCKS-India's Nifty tops 25,000 points amid Fed-inspired global rally
INDIA STOCKS-India's Nifty tops 25,000 points amid Fed-inspired global rally
Jul 31, 2024
(Updates at 9:50 a.m. IST) By Bharath Rajeswaran BENGALURU, Aug 1 (Reuters) - India's benchmark stock index Nifty 50 breached the 25,000-points mark for the first time ever on Thursday, tracking a global rally after U.S. Federal Reserve Chair Jerome Powell hinted at a possible interest rate cut in September. The NSE Nifty 50 rose 0.37% to 25,042.95 as of...
Short-term JGB yields rise after BOJ rate hike, long-term yields dragged down by Fed
Short-term JGB yields rise after BOJ rate hike, long-term yields dragged down by Fed
Jul 31, 2024
TOKYO, Aug 1 (Reuters) - The shortest-dated Japanese government bond yields climbed to fresh 15-year highs on Thursday, as the Bank of Japan's interest rate hike the previous day reverberated in the market. However, longer-dated bond yields fell in sympathy with Treasury yields, after the Federal Reserve hinted overnight that U.S. rate cuts may be coming soon. The two-year JGB...
Copyright 2023-2025 - www.financetom.com All Rights Reserved