Following the market opening Wednesday, the Dow traded up 0.04 percent to 24,716.86 while the NASDAQ climbed 0.30 percent to 7,373.78. The S&P also rose, gaining 0.16 percent to 2,715.80.
Leading and Lagging Sectors;
In trading on Wednesday, energy shares fell 0.34 percent.
Macy’s Inc M 5.69% 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 26.01% shares shot up 27 percent to $6.96. Blink Charging reported Q1 net income of $2.2 million, versus a year-ago net loss of $3.1 million.
Shares of Boot Barn Holdings, Inc. BOOT 10.97% got a boost, shooting up 13 percent to $24.815 after the company reported upbeat results for its fourth quarter and issued strong first-quarter earnings guidance.
Equities Trading DOWN;
Evolus, Inc. EOLS 30.42% shares dropped 28 percent to $10.555. 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 19.25% were down 16 percent to $2.19. Cemtrex posted Q2 earnings of $0.04 per share on sales of $20.6 million.
Social Reality, Inc. SRAX 16.63% was down, falling around 10 percent to $4.01 after reporting a first-quarter sales miss.
In commodity news, oil traded down 0.52 percent to $70.94 while gold traded down 0.25 percent to $1,287.10.
Silver traded down 0.33 percent Wednesday to $16.215, while copper fell 0.10 to $3.053..
European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.21 percent, the Spanish Ibex Index fell 0.96 percent, while Italy’s FTSE MIB Index dipped 2.22 percent. Meanwhile the German DAX rose 0.40 percent, and the French CAC 40 climbed 0.16 percent while U.K. shares rose 0.12 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.
The Energy Information Administration’s weekly report on petroleum inventories in the U.S.is schedule for release at 10:30 a.m. ET.
St. Louis Fed President James Bullard will speak at 6:30 p.m. ET.