U.S. stocks traded higher this morning, with the Dow Jones index gaining around 100 points on Wednesday.
Following the market opening Wednesday, the Dow traded up 0.22% to 48,642.84 while the NASDAQ rose 0.37% to 23,726.69. The S&P 500 also rose, gaining, 0.28% to 6,986.99.
Leading and Lagging Sectors
Financial shares climbed by 0.8% on Wednesday.
In trading on Wednesday, materials stocks fell by 0.8%.
Top Headline
Bank of America Corp (NYSE:BAC) reported upbeat earnings for the first quarter on Wednesday.
The company posted quarterly earnings of $1.11 per share which beat the analyst consensus estimate of $1.00 per share. The company reported quarterly sales of $30.272 billion which beat the analyst consensus estimate of $29.931 billion.
Equities Trading UP
- Allbirds Inc (NASDAQ:BIRD) shares shot up 323% to $10.54 after the company announced the execution of a definitive agreement with an institutional investor for a $50 million convertible financing facility. The …
This post was originally published here
