Midway through trading Wednesday, the Dow traded up 0.12 percent to 24,734.97 while the NASDAQ climbed 0.44 percent to 7,383.79. The S&P also rose, gaining 0.24 percent to 2,717.91.
Leading and Lagging Sectors;
In trading on Wednesday, utilities shares fell 0.80 percent.
Macy’s Inc M 10.22% reported stronger-than-expected results for its first quarter and lifted guidance.
The company said it earned 48 cents per share in the first quarter on revenue of $5.54 billion versus expectations of 35 cents per share and $5.39 billion. Management lifted its fiscal 2018 EPS guidance from $3.55-$3.75 to a new range of $3.75-$3.95.
Equities Trading UP;
Blink Charging Co. BLNK 35.16% shares shot up 23 percent to $6.73. Blink Charging reported Q1 net income of $2.2 million, versus a year-ago net loss of $3.1 million.
Shares of Eleven Biotherapeutics, Inc. EBIO 21.51% got a boost, shooting up 18 percent to $3.13. Eleven Biotherapeutics posted a Q1 loss of $0.11 per share.
Equities Trading DOWN;
Evolus, Inc. EOLS 20.36% shares dropped 29 percent to $10.34. The lifestyle aesthetics company said the FDA issued a Complete Response Letter which cited deficiencies which were related to Chemistry, Manufacturing, and Controls processes which is not related to clinical or non-clinical matters.
Shares of Cemtrex, Inc. CETX 26.09% were down 19 percent to $2.12. Cemtrex posted Q2 earnings of $0.04 per share on sales of $20.6 million.
Purple Innovation, Inc. PRPL 27.82% was down, falling around 24 percent to $7.65 after reporting Q1 results.
In commodity news, oil traded down 0.21 percent to $71.16 while gold traded down 0.14 percent to $1,288.50.
Silver traded up 0.22 percent Wednesday to $16.305, while copper rose 0.16 to $3.061..
European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.27 percent, the Spanish Ibex Index fell 0.84 percent, while Italy’s FTSE MIB Index dipped 1.93 percent. Meanwhile the German DAX rose 0.22 percent, and the French CAC 40 climbed 0.24 percent while U.K. shares rose 0.22 percent.
Housing starts fell 3.7 percent to an annual rate of 1.29 million in April, versus a revised 1.34 million rate in March. Housing permits declined 1.8 percent to an annual rate of 1.35 million.
U.S. industrial production rose 0.7 percent for April, versus economists’ expectations for a 0.2 percent growth.
Crude supplies fell 1.4 million barrels for the week ended May 11, the U.S. Energy Information Administration reported. Analysts projected a drop of 2.3 million barrels. Gasoline stockpiles declined 3.8 million barrels, while distillate stockpiles slipped 100,000 barrels for the week.
St. Louis Fed President James Bullard will speak at 6:30 p.m. ET.