Crude Oil Falls Over 2%; Campbell's Earnings Top Estimates

U.S. stocks traded mixed midway through trading, with the Dow Jones index falling more than 150 points on Wednesday.

The Dow traded down 0.37% to 45,130.04 while the NASDAQ rose 0.90% to 21,471.90. The S&P 500 also rose, gaining, 0.31% to 6,435.43.

Check This Out: How To Earn $500 A Month From Salesforce Stock Ahead Of Q2 Earnings

Leading and Lagging Sectors

Communication services shares jumped by 3.1% on Wednesday.

In trading on Wednesday, energy stocks fell by 1.9%.

Top Headline

The Campbell's Company (NASDAQ:CPB) posted better-than-expected earnings for the fourth quarter on Wednesday.

The company reported fourth-quarter sales growth of 1% year-over-year (Y/Y) to $2.32 billion, slightly missing the analyst consensus estimate of $2.33 billion. Adjusted EPS of 62 cents beat the consensus estimate of 56 cents.

Campbell expects full-year sales between $10.035 billion and $10.240 billion, representing a decline of 2% to flat growth. The company projects adjusted EBIT to fall 9% to 13%, with adjusted earnings per share forecast in the range of $2.40 to $2.55.

Equities Trading UP
           

• BT Brands, Inc. (NASDAQ:BTBD) shares shot up 76% to $3.27 after the company announced it entered into a definitive merger agreement with Aero Velocity.
• Shares of Macy’s, Inc. (NYSE:M) got a boost, surging 19% to $16.02 after the company reported second-quarter results above estimates and raised its FY2025 guidance.
• REV Group, Inc. (NYSE:REVG) shares were also up, gaining 8% to $56.01 after the company reported third-quarter EPS and sales above estimates and raised its FY2025 sales guidance.

Equities Trading DOWN

• Chijet Motor Company, Inc. (NASDAQ:CJET) shares dropped 62% to $0.2226 after the company announced the pricing of a $8 million offering of 13.56 million shares and warrants at a combined price of $0.59 per share and accompanying warrant.
• Shares of Bruker Corporation (NASDAQ:BRKR) were down 10% to $29.78 as the company announced a public offering of $600 million of mandatory convertible preferred stock.
• Wave Life Sciences Ltd. (NASDAQ:WVE) was down, falling 19% to $7.81. The company announced data from its 200 mg single and multidose and 400 mg single dose cohorts of its ongoing phase 1b/2a restoraation-2 study evaluating WVE-006 as treatment for AATD.

Commodities

In commodity news, oil traded down 2.4% to $64.00 while gold traded up 0.9% at $3,623.50.

Silver traded up 0.7% to $41.895 on Wednesday, while copper fell 0.1% to $4.6380.

Euro zone

European shares were higher today. The eurozone's STOXX 600 rose 0.44%, while Spain's IBEX 35 Index rose 0.18%. London's FTSE 100 rose 0.32%, Germany's DAX 40 gained 0.35% and France's CAC 40 rose 0.68% during the session.

Asia Pacific Markets

Asian markets closed mostly lower on Wednesday, with Japan's Nikkei 225 falling 0.88%, Hong Kong's Hang Seng falling 0.60%, China's Shanghai Composite declining 1.16% and India's BSE Sensex gaining 0.51%.

Economics

• The volume of mortgage applications in the U.S. declined by 1.2% from the previous week in the week ending Aug. 2.
• U.S. job openings declined by 176,000 to 7.18 million in July 2025, compared to market expectations of 7.4 million.
• New orders for U.S. manufactured goods declined by 1.3% month-over-month to $603.6 billion in July following a 4.8% plunge in the prior month.

Now Read This:

• Wall Street’s Most Accurate Analysts Give Their Take On 3 Financial Stocks With Over 11% Dividend Yields

Photo via Shutterstock