U.S. stocks traded mostly higher this morning, with Nasdaq Composite gaining over 75 points on Wednesday.
Following the market opening Wednesday, the Dow traded up 0.05% to 33,590.92 while the NASDAQ rose 0.55% to 13,349.38. The S&P 500, also rose, gaining, 0.18% to 4,291.74.
Check This Out: Nvidia, Coinbase And 2 Other Stocks Insiders Are Selling
Leading and Lagging Sectors
Energy shares jumped by 1.1% on Wednesday. Meanwhile, top gainers in the sector included Verde Clean Fuels, Inc. (NASDAQ: VGAS), up 6%, and Cross Timbers Royalty Trust (NYSE: CRT), up 4%.
In trading on Wednesday, consumer staples shares fell by 0.4%.
Top Headline
The trade deficit in the U.S. increased to a six-month high level of $74.6 billion in April, versus a $60.6 billion gap in the prior month. Exports from the U.S. fell by $9.2 billion from a month ago to $249 billion in April, while imports rose by $4.8 billion to $323.6 billion.
Equities Trading UP
Yext, Inc. (NASDAQ: YEXT) shares shot up 34% to $12.90 after the company reported better-than-expected first-quarter results and issued strong FY24 forecast.
Shares of Chijet Motor Company, Inc. (NASDAQ: CJET) got a boost, shooting 23% to $5.15 after dropping around 29% on Tuesday.
Stitch Fix, Inc. (NASDAQ: SFIX) shares were also up, gaining 28% to $4.70 as the ...
Related tickers: CRT, YEXT, SFIX, BASE, MOND, VGAS, NAMS, CJET.
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