Crude Oil Down 5%; Lowe’s Posts Upbeat Earnings

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining around 1% on Wednesday.

The Dow traded up 1% to 49,856.91 while the NASDAQ gained 1.27% to 26,199.40. The S&P 500 also rose, gaining, 0.87% to 7,417.31.

Leading and Lagging Sectors

Information technology shares jumped by 0.8% on Wednesday.

In trading on Wednesday, consumer staples stocks fell by 1.4%.

Top Headline

Lowe’s Companies, Inc. (NYSE:LOW) posted upbeat first-quarter earnings and revenue.

The home improvement retailer reported first-quarter fiscal 2026 adjusted EPS of $3.03, beating analyst estimates of $2.97, while revenue of $23.1 billion topped estimates of $22.98 billion.

Equities Trading UP
           

• Immunovant Inc (NASDAQ:IMVT) shares shot up 28% to $33.55 following fourth-quarter results.
• Shares of Roivant Sciences Ltd (NASDAQ:ROIV) got a boost, surging 12% to $31.72 after the company …

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