U.S. stocks traded mixed midway through trading, with the Nasdaq Composite moving lower on Wednesday.
The Dow traded up 0.30% to 48,632.75 while the NASDAQ fell 0.06% to 22,940.77. The S&P 500 also rose, gaining, 0.16% to 6,807.83.
Leading and Lagging Sectors
Energy shares gained by 2% on Wednesday.
In trading on Wednesday, consumer staples stocks dipped by 0.5%.
Top Headline
Johnson & Johnson (NYSE:JNJ) on Wednesday reported better-than-expected fourth-quarter earnings.
The company posted adjusted earnings of $2.46 per share, up 20.6% year over year, beating the consensus of $2.44. The pharmaceutical and medtech giant reported sales of $24.56 billion, up 9.1% year over year and beating the consensus of $24.16 billion.
Johnson & Johnson issued fiscal 2026 adjusted earnings guidance of $11.43-$11.63, compared to the consensus of $11.45. The company expects 2026 sales of $99.50 billion-$100.5 billion compared to the consensus of $98.89 billion.
Equities Trading UP
- PAVmed Inc (NASDAQ:PAVM) …