Crude Oil Jumps 5%; Automatic Data Processing Posts Upbeat Earnings

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U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining around 0.1% on Wednesday.

The Dow traded down 0.38% to 48,955.51 while the NASDAQ rose 0.09% to 24,685.88. The S&P 500 also rose, gaining, 0.01% to 7,139.48.

Leading and Lagging Sectors

Energy shares jumped by 1.2% on Wednesday.

In trading on Wednesday, health care stocks fell by 1.1%.

Top Headline

Automatic Data Processing (NASDAQ:ADP) reported better-than-expected third-quarter financial results.

Automatic Data Processing posted adjusted EPS of $3.37, beating market estimates of $3.29. The company’s sales came in at $5.939 billion versus estimates of $5.852 billion.

Equities Trading UP
           

  • SAGTEC GLOBAL Ltd (NASDAQ:SAGT) shares shot up 40% to $2.38 after the company reported fourth-quarter financial results.
  • Shares of X T L Biopharmaceuticals Ltd (NASDAQ:XTLB) got a boost, surging 56% to $3.59 after the company announced it signed an agreement to be acquired by Psyga Bio.
  • Kalvista Pharmaceuticals Inc (NASDAQ:KALV) shares were also up, gaining 39% to $26.71 after the company …

Full story available on Benzinga.com

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