Midway through trading Wednesday, the Dow traded up 0.43 percent to 25,535.10 while the NASDAQ climbed 0.22 percent to 7,431.02. The S&P also rose, gaining 0.34 percent to 2,754.12.
Leading and Lagging Sectors
On Wednesday, the energy shares climbed 1.8 percent. Meanwhile, top gainers in the sector included Alta Mesa Resources, Inc. AMR 12.75% up 9 percent, and Crescent Point Energy Corp. CPG 5.77% up 6 percent.
In trading on Wednesday, utilities shares fell 0.4 percent.
DISH Network Corp DISH 8.13% reported weaker-than-expected earnings for its fourth quarter.
DISH earned $0.64 cents per share in the fourth quarter on revenue of $3.31 billion. However, analysts were expecting the company to earn $0.67 per share on revenue of $3.28 billion.
Equities Trading UP
Diebold Nixdorf, Incorporated DBD 37.28% shares got a boost, shooting up 35 percent to $7.03 after reporting upbeat Q4 sales.
Shares of ReWalk Robotics Ltd. RWLK 28.59% shot up 30 percent to $0.3514 after the company announced Cigna will adopt national policy coverage of personal exoskeleton devices.
Lattice Semiconductor Corporation LSCC 26.77% shares were also up, gaining 24 percent to $10.14 after reporting a fourth-quarter sales beat. The company issued strong first-quarter sales guidance.
Equities Trading DOWN
McDermott International, Inc. MDR 23.12% shares dropped 24 percent to $7.05. McDermott projects adverse change in Q4 results of $168 million for Cameron Liquefied Natural Gas project, citing 'unfavorable labor productivity, and increases in subcontract, commissioning and construction management costs.'
Shares of Aquantia Corp. AQ 22.04% were down 23 percent to $7.62 after the company reported downbeat Q4 results.
Groupon, Inc. GRPN 13.64% was down, falling around 15 percent to $3.3865 after reporting weaker-than-expected earnings for its fourth quarter on Tuesday.
Silver traded up 0.01 percent Wednesday to $15.69, while copper rose 0.07 percent to $2.774.
European shares were higher today. The eurozone’s STOXX 600 climbed 0.76 percent, the Spanish Ibex Index rose 0.08 percent, while Italy’s FTSE MIB Index surged 1.05 percent. Meanwhile the German DAX climbed 0.67 percent, and the French CAC 40 surged 0.59 percent while U.K. shares rose 0.78 percent.
The Consumer Price Index was unchanged for January, versus economists’ expectations for a 0.1 percent drop.
Domestic crude supplies climbed 3.6 million barrels for the week ended February 8, the Energy Information Administration reported. However, analysts expected a gain of 2.7 million barrels. Gasoline stockpiles rose 400,000 barrels, while distillate stockpiles climbed 1.2 million barrels last week.
The U.S. Treasury budget report for December will be released at 2:00 p.m. ET.
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