U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 200 points on Wednesday.

Following the market opening Wednesday, the Dow traded up 0.53% to 46,586.90 while the NASDAQ rose 1.05% to 21,818.25. The S&P 500 also rose, gaining, 0.62% to 6,569.94.

Leading and Lagging Sectors

Industrials shares climbed by 1.8% on Wednesday.

In trading on Wednesday, energy stocks fell by 4%.

Top Headline

Shares of Nike Inc. (NYSE:NKE) dipped over 14% on Wednesday after the company reported better-than-expected financial results for the third quarter of fiscal 2026.

Nike reported third-quarter revenue of $11.28 billion, beating analyst estimates of $11.24 billion, according to Benzinga Pro. The athletic footwear and apparel company posted third-quarter earnings of 35 cents per share, beating analyst estimates of 31 cents per share.

Nike said it sees fourth-quarter sales of $10.656 billion to $10.878 billion, versus market estimates of $11.236 billion.

Equities Trading UP
           

  • Cyclerion Therapeutics, Inc. (NASDAQ:CYCN) shares shot up 337% to $6.82 after the company announced it entered into a definitive merger agreement with Korsana Biosciences.
  • Shares of RenX Enterprises Corp. (NASDAQ:RENX) got a boost, surging 71% to $3.03 after the company announced financial results for the fiscal year ended Dec. 31, 2025.
  • Mega Fortune Company Limited (NASDAQ:MGRT) shares were also up, gaining 63% to $10.50.

Equities Trading DOWN

  • Neo-Concept International Group Holdings Limited (NASDAQ:NCI) shares dropped 61% to $0.7000 after dipping 70% on Tuesday.
  • Shares of Linkers Industries Limited (NASDAQ:LNKS) were down 47% to $0.0126. Linkers Industries announced a 1-for-250 reverse stock split, effective April 6.
  • U-BX Technology Ltd. (NASDAQ:UBXG) was down, falling 30% to $2.34 after jumping 114% on Tuesday.

Commodities

In commodity news, oil traded down 2.6% to $98.70 while gold traded up 2% at $4,773.30.

Silver traded up 0.1% to $74.95 on Wednesday, while copper fell 0.2% to $5.6025.

Euro zone

European shares were higher today. The eurozone's STOXX 600 rose 2.1%, while Spain's IBEX 35 Index rose 2.8%. London's FTSE 100 surged 1.2%, Germany's DAX gained 2.4% and France's CAC 40 rose 1.7% during the session.

Asia Pacific Markets

Asian markets closed higher on Wednesday, with Japan's Nikkei 225 surging 5.24%, Hong Kong's Hang Seng index gaining 2.04%, China's Shanghai Composite gaining 1.46% and India's BSE Sensex gaining 1.65%.

Economics

  • U.S. business inventories fell by 0.1% month-over-month in January following a flat reading in December.
  • The ISM manufacturing PMI rose to 52.7 in March from 52.4 in the previous month and topping market estimates of 52.5.
  • The S&P Global manufacturing PMI came in at 52.3 in March down from the preliminary reading of 52.4 but higher than 51.6 in February.
  • U.S. retail sales rose 0.6% month-over-month in February following a 0.1% decline in January and above market estimates of a 0.5% gain.
  • U.S. private businesses added a net 62,000 jobs in March following a revised 66,000 in the previous month.

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