US Stocks Edge Higher; CarMax Posts Upbeat Earnings

U.S. stocks traded slightly higher this morning, with the Dow Jones index gaining around 0.1% on Wednesday.

Following the market opening Wednesday, the Dow traded up 0.09% to 52,045.29 while the NASDAQ rose 0.33% to 26,462.69. The S&P 500 also rose, gaining, 0.05% to 7,514.84.

Leading and Lagging Sectors

Information technology shares jumped by 0.7% on Wednesday.

In trading on Wednesday, communication services stocks fell by 1.1%.

Top Headline

CarMax (NYSE:KMX) reported better-than-expected earnings for the first quarter on Wednesday.

The company posted quarterly earnings of $1.31 per share which beat the analyst consensus estimate of 94 cents per share. The company reported quarterly sales of $8.014 billion which beat the analyst consensus estimate of $7.410 billion.

Equities Trading UP
           

• Eshallgo Inc (NASDAQ:EHGO) shares shot up 302% to $5.30.
• Shares of Icecure Medical Ltd (NASDAQ:ICCM) got a boost, surging 139% to $5.09 after the company announced a 70% increase in its U.S. active commercial install base of ProSense for breast cancer cryoablation.
• Euro Tech Holdings Company Ltd (NASDAQ:CLWT) shares were also up, gaining 100% to $2.40 after the company announced the appointment of strategic partner to launch next-generation mobile hybrid facility for enhanced ballast water treatment.

Equities Trading DOWN

• Liberty Latin America Ltd (NASDAQ:LILA) shares dropped 30% to $5.45.
• Shares of SL Science Holding Ltd (NASDAQ:SLBT) were down 29% to $6.32 after surging 167% on Tuesday.
• Aditxt Inc (NASDAQ:ADTX) was down, falling 29% to $0.0077 after a new SEC Form 4 filing showed major shareholder HRT Financial LP purchased millions of shares.

Commodities

In commodity news, oil traded up 0.9% to $76.74 while gold traded down 0.1% at $4,348.00.

Silver traded down 0.4% to $69.715 on Wednesday, while copper fell 0.1% to $6.4980.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 gained 0.4%, while Spain's IBEX 35 Index rose 0.7%. London's FTSE 100 fell 0.1%, Germany's DAX slipped 0.1%, while France's CAC 40 rose 0.3%.

Asia Pacific Markets

Asian markets closed mostly higher on Wednesday, with Japan's Nikkei 225 gaining 0.72%, Hong Kong's Hang Seng Index falling 0.74%, China's Shanghai Composite rising 0.40% and India's BSE Sensex climbing 0.45%.

Economics

• U.S. retail sales rose 0.9% month-over-month in May, following a revised 0.4% gain in April and topping market estimates of 0.5%.
• U.S. mortgage applications declined by 3.8% in the second week of June, compared to a 10.8% gain in the prior period.

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