Dow Surges 150 Points; Korn Ferry Earnings Top Views

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 150 points on Tuesday.

The Dow traded up 0.36% to 42,366.99 while the NASDAQ rose 0.56% to 19,629.54. The S&P 500 also rose, gaining, 0.39% to 6,006.14.

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Leading and Lagging Sectors

Consumer discretionary shares jumped by 0.6% on Wednesday.

In trading on Wednesday, energy stocks fell by 0.4%.

Top Headline

Korn Ferry (NYSE:KFY) posted better-than-expected fourth-quarter fiscal year 2025 results.

The company reported fourth-quarter adjusted earnings per share of $1.32, beating the analyst consensus estimate of $1.26. Quarterly sales of $719.83 million outpaced the Street view of $689.90 million.

Equities Trading UP
           

• Ryde Group Ltd. (NYSE:RYDE) shares shot up 165% to $0.4719 after the company announced it acquired a 40% stake in Atoll Discovery.
• Shares of Aptevo Therapeutics Inc. (NASDAQ:APVO) got a boost, surging 114% to $6.06 after the company announced clinical data from its ongoing Phase 1b/2 RAINIER trial evaluating mipletamig.
• PTL Limited (NASDAQ:PTLE) shares were also up, gaining 99% to $0.3945.

Equities Trading DOWN

• Eyenovia, Inc. (NASDAQ:EYEN) shares dropped 37% to $4.4100. Eyenovia announced the appointment of a strategic advisor for digital asset treasury strategy and amendment of debt agreement with Avenue Capital Group.
• Shares of Plus Therapeutics, Inc. (NASDAQ:PSTV) were down 36% to $0.1960. Plus Therapeutics will offer 17 million shares of common stock by Lincoln Park Capital Fund.
• CERo Therapeutics Holdings, Inc. (NASDAQ:CERO) was down, falling 32% to $13.41.

Commodities

In commodity news, oil traded down 0.9% to $74.20 while gold traded up 0.1% at $3,410.40.

Silver traded down 0.5% to $36.970 on Wednesday, while copper rose 0.8% to $4.8455.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 declined 0.4%, while Spain's IBEX 35 Index rose 0.1%. London's FTSE 100 rose 0.1%, Germany's DAX 40 declined 0.5% and France's CAC 40 fell 0.4% during the session.

Asia Pacific Markets

Asian markets closed mixed on Wednesday, with Japan's Nikkei gaining 0.90%, Hong Kong's Hang Seng Index falling 1.12%, China's Shanghai Composite gaining 0.04% and India's BSE Sensex falling 0.17%.

Economics

• U.S. natural-gas stocks rose 95 billion cubic feet from the previous week to 2.802 trillion cubic feet on the period ending June 13.
• U.S. crude oil inventories declined by 11.473 million barrels in the week ended June 13, compared to market expectations of a 2.3 million barrel decline.
• U.S. initial jobless claims fell by 5,000 from the previous week to 245,000 in the week ending June 14, in line with market estimates.
• U.S. housing starts fell by 9.8% month-over-month to an adjusted annual rate of 1.256 million units in May.

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