U.S. stocks traded higher this morning, with the Dow Jones index gaining around 100 points on Wednesday.

Following the market opening Wednesday, the Dow traded up 0.21% to 49,637.82 while the NASDAQ rose 0.17% to 22,616.77. The S&P 500 also rose, gaining, 0.19% to 6,855.97.

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Leading and Lagging Sectors

Energy shares gained by 1.3% on Wednesday.

In trading on Wednesday, real estate stocks fell by 0.8%.

Top Headline

Analog Devices Inc (NASDAQ:ADI) reported better-than-expected first-quarter financial results and issued second-quarter EPS guidance above estimates.

Analog Devices reported quarterly earnings of $2.46 per share which beat the analyst consensus estimate of $2.31 per share. The company reported quarterly sales of $3.160 billion which beat the analyst consensus estimate of $3.117 billion.

Equities Trading UP
           

• Sensei Biotherapeutics Inc (NASDAQ:SNSE) shares shot up 230% to $30.12. The company announced a $200 million concurrent private placement.
• Shares of Rackspace Technology, Inc. (NASDAQ:RXT) got a boost, surging 153% to $1.06 after the company announced a collaboration with Palantir Technologies.
• Auddia Inc (NASDAQ:AUUD) shares were also up, gaining 67% to $1.40 after the company signed a definitive merger agreement to merge with Thramann Holdings.

Equities Trading DOWN

• SMJ International Holdings Inc (NYSE:SMJF) shares dropped 23% to $1.55.
• Shares of Polaryx Therapeutics Inc (NASDAQ:PLYX) were down 26% to $2.95. Polaryx recently announced it selected a contract research organization for SOTERIA to evaluate PLX-200, across four different LSDs.
• Lion Group Holding Ltd – ADR (NASDAQ:LGHL) was down, falling 26% to $1.29.

Commodities

In commodity news, oil traded up 2.9% to $64.13 while gold traded up 1.8% at $4,994.30.

Silver traded up 5% to $77.235 on Wednesday, while copper rose 1.8% to $5.7450.

Euro zone

European shares were higher today. The eurozone's STOXX 600 rose 0.9%, while Spain's IBEX 35 Index rose 1.1%. London's FTSE 100 gained 1.2%, Germany's DAX rose 0.6% and France's CAC 40 climbed 0.4% during the session.

Asia Pacific Markets

Asian markets closed higher on Wednesday, with Japan's Nikkei gaining 1.02% and India's BSE Sensex gaining 0.34%.

Economics

• U.S. industrial production increased 0.7% month-over-month in January, compared to market estimates of a 0.4% gain.
• U.S. durable goods orders fell by 1.4% month-over-month in December, compared to a revised 5.4% gain in November.
• U.S. housing starts increased 6.2% month-over-month to an annualized rate of 1.404 million in December, compared to 1.322 million in November.
• U.S. building permits surged 4.3% in December to an annualized rate of 1.448 million, up from market estimates of 1.40 million.
• The Federal Reserve Bank of New York's general business activity index declined to -25.7 in February from -16.1 in January.

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