U.S. stocks traded lower this morning, with the Dow Jones index falling more than 1% on Wednesday.
Following the market opening Wednesday, the Dow traded down 1.21% to 38,414.32 while the NASDAQ fell 0.98% to 16,147.16. The S&P 500 also fell, dropping, 0.99% to 5,158.18.
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Energy shares rose by 0.1% on Wednesday.
In trading on Wednesday, real estate shares fell by 3.4%.
U.S. annual inflation rate rose for a second consecutive month to 3.5% in March from 3.2% in February.
Marin Software Incorporated (NASDAQ:MRIN) shares shot up 132% to $0.6669 after the company announced upgrades to its integration with Microsoft Advertising.
Shares of Adial Pharmaceuticals, Inc. (NASDAQ:ADIL) got a boost, surging 84% to $2.0840 after the company announced the publication of a peer-reviewed article highlighting the clinical results, strong safety profile, and high compliance among patients administered AD04.
Meiwu Technology Company Limited (NASDAQ:WNW) shares were also up, gaining 43% to $1.44.
VIA optronics AG (NYSE:VIAO) shares dropped 59% to $0.3661. VIA optronics and Antolin unveiled Sunrise, a new horizon of integration in vehicle cockpits.
Shares of Ascent Solar Technologies, Inc. (NASDAQ:ASTI) were down 50% to $0.1374 after the company announced pricing of a $6 million public offering of shares at $0.14 per share.
Velo3D, Inc. (NYSE:VLD) was down, falling 41% to $0.2750 after the company announced pricing of a $12 million public offering.
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In commodity news, oil traded up 0.1% to $85.27 while gold traded down 0.4% at $2,353.50.
Silver traded up 0.3% to $28.065 on Wednesday, while copper fell 0.4% to $4.2680.
European shares were lower today. The eurozone’s STOXX 600 fell 0.2%, London’s FTSE 100 fell 0.1% while Spain’s IBEX 35 Index fell 0.8% The German DAX fell 0.1% French CAC 40 fell 0.5% while Italy’s FTSE MIB Index fell 0.1%.
The value of retail sales in Italy rose by 0.1% from the prior month in February.
Asian markets closed mixed on Wednesday, with Japan’s Nikkei 225 falling 0.48%, Hong Kong’s Hang Seng Index gaining 1.85%, China’s Shanghai Composite falling 0.70% and India’s S&P BSE Sensex gaining 0.47%.
Producer prices in Japan rose by 0.8% year-over-year in March, while value of loans rose 3.2% year-over-year in March. Chinese vehicle sales climbed by 9.9% year-over-year to 2.69 million units in March compared to a 19.9% decline in the previous month.
U.S. mortgage applications rose 0.1% on the week ending April 5, 2024.
U.S. annual inflation rate rose for a second consecutive month to 3.5% in March from 3.2% in February.
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