U.S. stocks mixed as Dow slips 0.07%, Nasdaq gains 0.72%

  • U.S. stocks traded mixed as the Dow declined while the NASDAQ and S&P 500 advanced.
  • NASDAQ rose 0.72% to 26,168.28, while the Dow fell 0.07% to 52,058.51.
  • U.S. business inventories increased 0.8% month over month in July.

U.S. stocks traded mixed midway through Wednesday's session, with the Dow Jones index down 0.07% at 52,058.51, while the NASDAQ rose 0.72% to 26,168.28 and the S&P 500 gained 0.33% to 7,610.98. Information technology shares advanced 0.9%, while energy stocks declined 1.9%. U.S. business inventories increased 0.8% month over month in July, exceeding the 0.3% market estimate after a revised 0.1% rise in June. Retail sales rose 1.2% month over month in August, also above expectations, while export and import prices increased 0.6% and 0.7%, respectively. Oil fell 3.2% to $102.41, while gold, silver and copper rose. European and Asian markets broadly finished higher. Among individual stocks, DataMeds AI surged 264% after announcing its acquisition of Helomics, while Cuprina Holdings fell 49% following pricing of a $4.97 million public offering. Other notable movers included LuxExperience, Delixy Holdings, Xenetic Biosciences and Braskem.

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