Quantcast

Mid-Day Update: Major US Stock Market Indexes Mostly Advance in Modest Climb as Dow Slips


Shutterstock photo

US stock market indexes were mostly higher at mid-day Wednesday, led by the Nasdaq Composite Index and S&P 500, as investors await the release of the Federal Open Market Committee's meeting minutes Wednesday afternoon.

The Nasdaq was up 0.5%, while the S&P 500 gained 0.2%. The Dow Jones Industrial Average lagged, down fractionally, as losses in Dow ( DOW ) and Boeing ( BA ) weighed on the index.

The minutes of the FOMC's March meeting are scheduled to be released at 2 pm ET. In economic news, the consumer price index rose 0.4% in March, compared with a 0.3% gain that was expected and the previous month's 0.2% rise, according to data compiled by Econoday.

In commodities, West Texas Intermediate crude oil futures rose 0.7% to $64.44 per barrel. Natural gas was up 0.3% to $2.71 per 1 million BTU. Gold futures climbed 0.3% to $1,312.40 an ounce, while silver rose fractionally to $15.23 an ounce.

Among energy ETFs, the United States Oil Fund was up 0.8% to $13.44 while the United States Natural Gas Fund was up slightly to $23.84. Among precious-metal funds, the Vectors Gold Miners ETF fell fractionally to $22.82 while SPDR Gold Shares gained 0.3% to $122.56. The iShares Silver Trust was up 0.1% to $14.30.

Here's where the markets stand at mid-day:

US MARKETS

NYSE Composite Index was up 25.61 points (+0.20%) to 12,875.32

Dow Jones Industrial Average was down 12.16 points (-0.05%) to 26,138.42

S&P 500 was up 5.99 points (+0.21%) to 2,884.19

Nasdaq Composite Index was up 36.39 points (+0.46%) to 7,945.67

GLOBAL SENTIMENT

FTSE 100 was down 3.66 points (-0.05%) to 7,421.91

DAX was up 55.34 points (+0.47%) to 11,905.91

CAC 40 was up 13.46 points (+0.25%) to 5,449.88

Nikkei 225 was down 115.02 points (-0.53%) to 21,687.57

Hang Seng Index was down 37.93 points (-0.13%) to 30,119.56

Shanghai China Composite Index was up 2.27 points (+0.07%) to 3,241.93

NYSE SECTOR INDICES

NYSE Energy Sector Index was up 50.73 points (+0.47%) to 10,943.51

NYSE Financial Sector Index was up 7.78 points (+0.10%) to 7,832.61

NYSE Healthcare Sector Index was up 11.78 points (+0.07%) to 16,102.84

UPSIDE MOVERS

(+) TEVA (+1.5%) Signs $2.3 billion revolving credit facility

(+) CAG (+6.74%) Company holding investor day

(+) IZEA (+16.83%) Q1 bookings jumps 18% YoY

DOWNSIDE MOVERS

(-) PHAS (-7.60%) Begins public offering of common stock

(-) PTE (-9.13%) Plans to sell shares via Cantor Fitzgerald

(-) ABC (-5.45%) BofA-Merrill Lynch downgrades shares, cuts price target

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.





This article appears in: Investing , Stocks
Referenced Symbols: DOW , BA




More from MT Newswires

Subscribe






MT Newswires
Contributor:

MT Newswires

Market News, Commodities












Research Brokers before you trade

Want to trade FX?