On Wednesday, U.S. indices closed in mixed territory as the S&P 500 added 1.08pt (+0.02%) to 5071 while the Nasdaq 100 rose 55.33pts (+0.32%) to 17526 and the Dow Jones Industrial Average fell 42.77pts (-0.11%) to 38460.
On the U.S. economic data front, durable goods orders rose 2.6% on month in March, above the initially anticipated increase of 2.2%.
On the U.S. equity front, shares in the Consumer Discretionary (XLY), Utilities (XLU), and Consumer Staples (XLP) sector ETFs were the top performers while shares in the Industrials (XLI), Health Care (XLV), and Financials (XLF) sector ETFs underperformed the most during the trading session. Additionally, following today's trading action, the CBOE Volatility Index (VIX) gained 0.28pt (+1.78%) to 15.97 and the 10 year yield rose 0.05 to 4.648%.
Tesla (TSLA), the electric-vehicle maker, jumped 12.06% as the company said they'll be accelerating the release of more affordable models after releasing earnings figures that missed estimates. Additionally,
Texas Instruments (TXN), a designer of semiconductors, climbed 5.64% after issuing upbeat second quarter earnings guidance while
Boston Scientific (BSX), a developer of invasive medical devices, soared 5.68% after raising its annual profit forecast on strong demand for heart devices.
On the other hand,
Enphase Energy (ENPH), a manufacturer of solar-powered solutions, slid 5.56% as second quarter forecasts missed estimates while
Humana (HUM), a health insurance provider, lost 3.66% after withdrawing its profit guidance for 2025 despite topping first-quarter adjusted EPS expectations.
From a technical perspective, Dow Inc (DOW +0.42% to $56.98), UnitedHealth (UNH +0.23% to $487.3), Walmart (WMT +1.32% to $59.87) and Walt Disney (DIS +0.18% to $113.92) crossed above their 50-day moving average. Oppositely, Amazon.com (AMZN -1.64% to $176.59) crossed under its 50-day moving average.
Considering the relative strength compared to the S&P 500, Amgen (AMGN -0.19% to $273.01), Cisco Systems (CSCO +0.06% to $48.35), Honeywell (HON -0.7% to $194.79) and Verizon Communications (VZ -0.53% to $39.49) crossed under their 50-day moving average.
The major indices in Europe concluded the trading session in the red for the first time this week as the Dax 40 fell 0.27%, while the Cac 40 decreased 0.17% and the FTSE 100 lost 0.06%.
In the commodities market, Gold fell $7.22 (-0.31%) to 2314.59 and WTI Crude Oil dropped $0.61 (-0.73%) to 82.75.
Market Wrap: FOREX
The U.S. dollar index gained 0.15pts (+0.14%) to 105.827.
EUR/USD dipped 1pip (-0.01%) to 1.0698. In Germany, the Ifo Business Climate Index improved to 89.4 in April, from 87.9 in March (revised from 87.8) and higher than the estimated 88.9.
GBP/USD gained 15pips (+0.12%) to 1.2461.
USD/JPY climbed 52pips (+0.34%) to 155.34.
USD/CHF added 33pips (+0.36%) to 0.915.
AUD/USD rose 10pips (+0.15%) to 0.6495.
USD/CAD increased 42pips (+0.31%) to 1.3703. In Canada, retail sales slid 0.1% on month in February, against an expected rise of 0.1%.
Bitcoin traded lower to 63895 while Ethereum fell to 3125.
After Hours
Meta Platforms (META), a social technology company, is plunging in extended trading on weaker than expected second-quarter guidance. Meanwhile,
International Business Machines (IBM), an IT company, is also trading lower after on first-quarter pretax profit and revenue figures that missed estimates. The company also announced the 6.4 billion dollar purchase of HashiCorp (HCP).
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