U.S. stocks traded lower this morning, with the Dow Jones index falling more than 150 points on Wednesday.
Following the market opening Wednesday, the Dow traded down 0.37% to 46,817.26 while the NASDAQ fell 0.18% to 22,439.66. The S&P 500 also fell, dropping, 0.24% to 6,700.08.
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Leading and Lagging Sectors
Energy shares climbed by 0.4% on Wednesday.
In trading on Wednesday, materials stocks fell by 1.2%.
Top Headline
U.S. producer prices increased 0.7% month-over-month in February compared to 0.5% in the previous month, and higher than market estimates of 0.3%.
Equities Trading UP
- LI Bang International Corporation Inc (NASDAQ:LBGJ) shares shot up 231% to $0.10 after falling 63% on Tuesday.
- Shares of AIM ImmunoTech Inc (NYSE:AIM) got a boost, surging 101% to $1.39 after the company announced that the Japan Patent Office has approved a Japanese patent covering the proprietary use of Ampligen in combination with checkpoint inhibitors for the treatment of cancer.
- Artelo Biosciences Inc (NASDAQ:ARTL) shares were also up, gaining 59% to $7.74 after the company announced a Definitive Investigator-Initiated Study Agreement with the Belfast Health and Social Care Trust, to be funded by Glaucoma UK and the HSC R&D Division. The study will evaluate the effects of Artelo’s peripherally selective synthetic cannabinoid, ART27.13, in patients with glaucoma or ocular hypertension.
Equities Trading DOWN
- Meiwu Technology Co Ltd (NASDAQ:WNW) shares dropped 39% to $0.26. Meiwu Technology shares dipped 80% on Tuesday after the company announced a $14 million registered direct offering.
- Shares of China Recycling Energy Corporation (NASDAQ:CREG) were down 35% to $0.77 after dipping around 5% on Tuesday.
- U Power Ltd (NASDAQ:UCAR) was down, falling 24% to $0.55. U Power shares jumped 63% on Tuesday after the company announced that production of the first batch of 30 battery-swapping electric heavy-duty trucks designated for the Thailand market has been completed.
Commodities
In commodity news, oil traded up 2.6% to $98.70 while gold traded down 3% at $4,858.20.
Silver traded down 4.2% to $76.555 on Wednesday, while copper fell 3.4% to $5.5730.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 fell 0.4%, while Spain's IBEX 35 Index rose 0.1%. London's FTSE 100 fell 0.5%, Germany's DAX declined 0.3% and France's CAC 40 rose 0.2% during the session.
Asia Pacific Markets
Asian markets closed higher on Wednesday, with Japan's Nikkei 225 jumping 2.87%, Hong Kong's Hang Seng index gaining 0.61%, China's Shanghai Composite rising 0.32% and India's BSE Sensex gaining 0.83%.
Economics
- U.S. producer prices increased 0.7% month-over-month in February compared to 0.5% in the previous month, and higher than market estimates of 0.3%.
- U.S. mortgage applications dipped 10.9% in the week ending March 13, recording the sharpest plunge since Sept. 2025.
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