U.S. stocks traded lower midway through trading, with the Dow Jones index falling over 1% on Wednesday.

The Dow traded down 1.16% to 52,308.76 while the NASDAQ fell 0.18% to 25,772.95. The S&P 500 also fell, dropping, 0.44% to 7,470.88.

Leading and Lagging Sectors

Energy shares jumped by 1.4% on Wednesday.

In trading on Wednesday, materials stocks fell by 2.4%.

Top Headline

U.S. wholesale inventories increased 0.1% month-over-month to $941.8 billion in May, compared to a revised 0.7% gain in April and down from market estimates of a 0.3% gain.

Equities Trading UP
         

• Catheter Precision Inc (NYSE:VTAK) shares shot up 98% to $1.41 after the company announced Flyte, its regional air mobility unit, will equip its Cirrus Vision Jet fleet with LifeVac‘s airway-clearance devices.
• Shares of Penguin Solutions Inc (NASDAQ:PENG) got a boost, surging 18% to $74.12 after the company announced better-than-expected third-quarter financial results.
• iOThree Ltd (NASDAQ:IOTR) shares were also up, gaining 44% to $3.65 after the Chairman and CEO issued a letter detailing a year-over-year increase in the company’s FY26 revenue results.

Equities Trading DOWN

• FuelCell Energy Inc (NASDAQ:FCEL) shares dropped 13% to $22.71 after the company priced an upsized public offering of common stock at a steep discount to its previous closing price.
• Shares of Saratoga Investment Corp (NYSE:SAR) were down 10% to $18.77 as the company reported downbeat earnings for its first quarter.
• Generation Income Properties Inc (NASDAQ:GIPR) was down, falling 24% to $0.12 after the company announced a 1-for-10 reverse stock split.

Commodities

In commodity news, oil traded up 6.1% to $74.75 while gold traded down 2.1% at $4,070.40.

Silver traded down 4.3% to $58.700 on Wednesday, while copper fell 2.1% to $6.0970.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 fell 1.1%, while Spain’s IBEX 35 Index fell 2.1%. London’s FTSE 100 fell 1%, Germany’s DAX declined 1.7%, while France’s CAC 40 dipped 1.7%.

Asia Pacific Markets

Asian markets closed lower on Wednesday, with Japan’s Nikkei 225 falling 2.11%, Hong Kong’s Hang Seng index gaining 2.99%, China’s Shanghai Composite slipping 0.49% and India’s BSE Sensex declining 2.15%.

Economics

• The volume of mortgage applications declined by 2.2% in the week to July 3.
• U.S. wholesale inventories increased 0.1% month-over-month to $941.8 billion in May, compared to a revised 0.7% gain in April and down from market estimates of a 0.3% gain.

Photo via Shutterstock