U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 100 points on Wednesday.
Following the market opening Wednesday, the Dow traded down 0.21% to 49,090.31 while the NASDAQ declined 0.67% to 23,551.77. The S&P 500 also fell, dropping, 0.47% to 6,931.31.
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Leading and Lagging Sectors
Energy shares gained by 0.9% on Wednesday.
In trading on Wednesday, consumer discretionary stocks dipped by 0.9%.
Top Headline
Bank of America Corp (NYSE:BAC) reported upbeat fourth-quarter fiscal 2025 financial results on Wednesday.
The bank reported a net income of $7.6 billion (down from $6.80 billion a year ago) and EPS of 98 cents, beating the analyst consensus estimate of 96 cents. Revenue, net of interest expense, increased 7% year-over-year (Y/Y) to $28.532 billion, beating the analyst consensus estimate of $27.944 billion.
Equities Trading UP