financetom
Market
financetom
/
Market
/
US Stocks Mixed; Economy Grows By 2.8% In Q3
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Stocks Mixed; Economy Grows By 2.8% In Q3
Nov 27, 2024 7:19 AM

U.S. stocks traded mixed this morning, with the Nasdaq Composite falling over 50 points on Wednesday.

The Dow traded up 0.06% to 44,889.33 while the NASDAQ fell 0.34% to 19,104.42. The S&P 500 also fell, dropping, 0.17% to 6,011.61.

Check This Out: Jim Cramer: Linde Is A ‘Terrific’ Company, Sees Another Stock Up 75% As ‘Not Done’

Leading and Lagging Sectors

Real estate shares jumped by 0.7% on Tuesday.

In trading on Tuesday, information technology shares fell by 1%.

Top Headline

The US economy grew by an annualized rate of 2.8% in the third quarter, the same as in the flash reading, versus 3% in the previous quarter.

Equities Trading UP

                       

Top KingWin Ltd ( WAI ) shares shot up 129% to $0.55. Top KingWin ( WAI ) announced a $2,500,000 convertible promissory note private placement.

Shares of HWH International Inc. ( HWH ) got a boost, surging 61% to $0.9850.

Unusual Machines, Inc. ( UMAC ) shares were also up, gaining 76% to $9.42 after the company announced that Donald Trump Jr. has joined its advisory board.

Equities Trading DOWN

Primega Group Holdings Limited ( PGHL ) shares dropped 88% to $12.82 after surging 919% on Tuesday..

Shares of Outlook Therapeutics, Inc. ( OTLK ) were down 80% to $0.9545 after the company announced it plans to resubmit the biologics license application for ONS-5010 after reporting preliminary topline results of its Norse eight clinical trial.

Haoxi Health Technology Limited ( HAO ) was down, falling 40% to $0.1235. Haoxi Health Technology ( HAO ) was awarded a RMB30 million framework contract to provide digital advertising services for Tengyuan Media Advertising.

Commodities

In commodity news, oil traded down 0.2% to $68.66 while gold traded up 1.1% at $2,650.90.

Silver traded up 0.9% to $30.435 on Wednesday, while copper rose 0.7% to $4.1485.

Euro zone

European shares closed lower today. The eurozone's STOXX 600 slipped 0.4%, Germany's DAX fell 0.3% and France's CAC 40 dipped 1%. Spain's IBEX 35 Index fell 0.6%, while London's FTSE 100 fell 0.2%.

The GfK Consumer Climate Indicator for Germany declined to a reading of -23.3 points heading into December, recording the lowest level since May.

Asia Pacific Markets

Asian markets closed mostly higher on Wednesday, with Japan's Nikkei 225 falling 0.80%, Hong Kong's Hang Seng Index gaining 2.32%, China's Shanghai Composite Index climbing 1.53% and India's BSE Sensex gaining 0.29%.

Economics

The U.S. economy grew by an annualized rate of 2.8% in the third quarter, the same as in the flash reading, versus 3% in the previous quarter.

U.S. initial jobless claims came in unchanged at 213,000 for the week ending Nov. 23, compared to market estimates of 216,000.

The U.S. goods trade deficit shrank to $99.1 billion in October versus a revised gap of $108.7 billion in the previous month.

U.S. wholesale inventories increased by 0.2% month-over-month to $905 billion in October, compared to a 0.2% decline in the prior month.

Now Read This:

Top 3 Consumer Stocks That Are Set To Fly In Q4

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 >
Sector Update: Financial
Sector Update: Financial
Jan 30, 2025
09:04 AM EST, 01/30/2025 (MT Newswires) -- Financial stocks edged higher premarket Thursday as the Financial Select Sector SPDR Fund (XLF) recently advanced by 0.8%. The Direxion Daily Financial Bull 3X Shares (FAS) was up 2.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 2.1% lower. Lazard ( LAZ ) shares were up almost 10% after...
Sector Update: Energy
Sector Update: Energy
Jan 30, 2025
09:09 AM EST, 01/30/2025 (MT Newswires) -- Energy stocks rose pre-bell Thursday with the Energy Select Sector SPDR Fund (XLE) recently up 0.1%. The United States Oil Fund (USO) was down 0.7% and the United States Natural Gas Fund (UNG) was 1.1% lower. Front-month US West Texas Intermediate crude oil was down 0.4% at $72.34 per barrel at the New...
Sector Update: Tech
Sector Update: Tech
Jan 30, 2025
08:55 AM EST, 01/30/2025 (MT Newswires) -- Technology stocks were mixed pre-bell Thursday, with The Technology Select Sector SPDR Fund (XLK) down 0.1% and the SPDR S&P Semiconductor ETF (XSD) 1.1% higher. Nokia ( NOK ) shares were up past 8% after the company reported higher Q4 comparable earnings and revenue. ...
Sector Update: Health Care
Sector Update: Health Care
Jan 30, 2025
09:01 AM EST, 01/30/2025 (MT Newswires) -- Health care stocks were steady pre-bell Thursday with the Health Care Select Sector SPDR Fund (XLV) up 0.2% and iShares Biotechnology ETF (IBB) recently inactive. Sanofi ( SNY ) shares advanced by 2.6% after the company reported a higher Q4 revenue. The company also said it intends to launch a 5-billion-euro ($5.22 billion)...
Copyright 2023-2025 - www.financetom.com All Rights Reserved