U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining over 1% on Wednesday.
The Dow traded down 0.24% to 49,638.96 while the NASDAQ gained 1.18% to 26,395.66. The S&P 500 also rose, gaining, 0.60% to 7,445.55.
Leading and Lagging Sectors
Communication services shares jumped by 1.6% on Wednesday.
In trading on Wednesday, utilities stocks fell by 1.4%.
Top Headline
Alibaba Group Holding Ltd. (NYSE:BABA) shares gained around 6% on Wednesday after the e-commerce and cloud-computing company reported mixed fiscal fourth-quarter 2026 results.
The company reported quarterly revenue of $35.28 billion, up 3% from a year earlier and slightly ahead of analyst estimates of $35.23 billion. Excluding the divested Sun Art and Intime businesses, revenue increased 11% on a like-for-like basis.
Adjusted earnings per American Depositary Share came in at 9 cents, missing analyst expectations of $1.12.
Equities Trading UP
- Velo3D Inc (NASDAQ:VELO) shares shot up 47% to $20.66 …