US stocks were mostly trading lower this morning, with the Dow Jones down about 30 points on Wednesday.
After Wednesday’s market open, the Dow fell 0.10% to 30,492.51, while the NASDAQ fell 0.79% to 10,686.99. The S&P 500 was also down 0.58% to 3,698.32.
Also check this out: The Dow rises over 300 points when market volatility decreases
Leading and lagging sectors
Energy stocks rose 1.1% on Wednesday. lead the sector was power out Baker Hughes Company BKR and Alpine Summit Energy Partners, Inc. ALPS.
Real estate stocks fell 1.2% in Wednesday’s trading.
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US housing starts fell 8.1% in September to an annualized rate of 1.439 million from a revised 1.566 million in the previous month. Building permits were up 1.4% mom to an annualized 1.564 million.
Stock trading UP
- LMF Acquisition Opportunities, Inc. LMAO Shares rose 30% to $11.14 after the company announced that shareholders approved the previously announced business combination with SeaStar Medical.
- shares of HV Bancorp, Inc. HVBC got a boost and shot up 29% to $25.81. Citizens Financial Services and HV Bancorp have signed a $67.4 million definitive merger agreement.
- SOBR Safe, Inc. SOBR Shares were also higher, gaining 21% to $3.2200 after the company announced it had landed a major industrial customer and confirmed its divestment strategy.
Stocks are trading down
- Olaplex Holdings, Inc. OLPX Shares fell 50% to $4.9450 after the company released sales guidance for Q3 and FY22 below analyst estimates.
- shares of Generac Holdings Inc. GNRC declined 20% to $118.87 after the company reported preliminary Q3 EPS results, which are lower year-on-year. The company also lowered its guidance for FY22 net sales growth and net profit margin.
- EQRx, Inc. EQRX fell 16% to $4.64.
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On commodities news, oil rose 1.2% to $83.77 while gold traded 1% lower.
