U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 100 points on Wednesday.
The Dow traded up 0.60% to 46,402.31 while the NASDAQ rose 0.63% to 21,899.66. The S&P 500 also rose, gaining, 0.49% to 6,588.77.
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Leading and Lagging Sectors
Materials shares climbed by 2% on Wednesday.
In trading on Wednesday, energy stocks fell by 0.2%.
Top Headline
Cintas Corp (NASDAQ:CTAS) posted better-than-expected third-quarter profit and raised its full-year forecast.
The company reported third-quarter earnings per share of $1.24, beating the analyst consensus estimate of $1.23. Quarterly sales of $2.84 billion, up 8.9% year over year, beat the Street view of $2.821 billion.
The company raised FY2026 sales outlook from $11.150 billion-$11.220 billion to $11.210 billion-$11.240 billion versus street view of $11.205 billion.
Equities Trading UP
- Sarepta Therapeutics Inc (NASDAQ:SRPT) shares shot up 30% to $22.90 after the company announced that early results from Phase 1/2 studies of SRP-1001 for facioscapulohumeral muscular dystrophy type 1 and SRP-1003 …
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