US stocks opened with a fall; Dow fell 125 points

US stocks traded lower this morning, with the Dow Jones down nearly 125 points on Wednesday.

After the market opened on Wednesday, the Dow was down 0.37% at 33,960.34 while the NASDAQ was down 0.21% at 11,559.87. The S&P 500 also declined, falling 0.18% to 4,069.44.

Check it out: See 3 high-yielding dividend stocks in the industrials sector from Benzinga’s most accurate analysts

leading and lagging areas

  • Health care stocks gained 0.5% on Wednesday. Meanwhile, in Top Gainers region Include Mesoblast Limited Meup 11%, and Excientia Plc EXAIup 8%.
  • Shares of Communications Services declined 0.6% in trading Wednesday.

top title

thermo fisher scientific inc. tmo Posted upbeat earnings for the fourth quarter.

Thermo Fisher Scientific reported fourth-quarter adjusted EPS of $5.40 per share, which beat analysts’ estimates of $5.19 per share. The company’s quarterly sales of $11.45 billion exceeded market expectations of $10.43 billion.

equity trading up

  • motorsport games inc. msgm Shares rose 65% to $35.25. Motorsport Games agreed to raise $3.9 million through a private placement of shares for development of multiple games, working capital and general corporate purposes.
  • shares of Mobile Global Esports Inc. MGAM It rose 43% to $3.6800 after jumping 158% on Tuesday. Mobile Global Esports said that Nicolas (Nick) Venezia has joined MOGO as Chief Data Officer.
  • Edible Gardens AG Incorporated edbl Shares were up as well, rising 26% to $13.60.

equity trading down

  • westrock company WRK Shares fell 15% to $33.33 after the company reported worse than expected Q1 adjusted EPS and sales results. The company also slashed the FY23 outlook in light of uncertain macroeconomic conditions.
  • shares of Hawaiian Holdings, Inc. yes fell 15% to $10.52 after declining Q4 sales.
  • Snap Inc. crackle fell 13% to $10.10 after the company reported a fourth-quarter net loss and said revenue could decline by up to 10% for the current quarter.

See also: Bitcoin remains above this key level; Arviv emerges as top gainer


In commodity news, oil was trading down 0.3% at $78.66, while gold was down 0.1% at $1,943.40.

Silver was trading down 0.4% on Wednesday at $23.725, while copper fell 1.7% to $4.1560.

euro zone

European shares were higher today. The eurozone’s STOXX 600 rose 0.3%, London’s FTSE 100 rose 0.1% while Spain’s IBEX 35 index added 0.9%. The German DAX rose 0.4%, the French CAC 40 rose 0.2% and Italy’s FTSE MIB index rose 0.5%.

Annual inflation in the eurozone fell to an eight-month low of 8.5% in January, while annual consumer price inflation in Italy fell to 10.4% in January from 11.6% in the previous month. The S&P Global Eurozone Manufacturing PMI rose to 48.8 in January from 47.8 in the prior month.

The S&P Global/CIPS Manufacturing PMI for the UK was revised down to 47.0 compared to an initial reading of 46.7, while the French Manufacturing PMI was revised down to 50.5 in January from an initial reading of 50.8. Germany’s manufacturing PMI was revised up to 47.3 in January from an initial reading of 47.

asia pacific market

Asian markets closed with gains on Wednesday, with Japan’s Nikkei 225 up 0.07%, Hong Kong’s Hang Seng index up 1.05% and China’s Shanghai Composite index up 0.90%. India’s S&P BSE Sensex rose 0.3%.

Hong Kong’s economy contracted 4.2% year-on-year in the fourth quarter. The S&P Global Indian Manufacturing PMI fell to a three-month low of 55.4 in January. Caixin China’s general manufacturing PMI rose to 49.2 in January, while the Japanese manufacturing PMI stood at 48.9 in January.


  • Mortgage applications in the US fell by 9% in the week ending January 27.
  • The S&P Global US Manufacturing PMI was revised up to 46.9 in January from an initial reading of 46.8.
  • Private businesses in the US added 106,000 jobs in January.

Now read this: Investor optimism improves ahead of Fed decision

COVID-19 Update

The US has the highest number of coronavirus cases and deaths in the world, recording a total of 104,196,860 cases with nearly 1,132,930 deaths. India has confirmed a total of at least 44,682,780 cases and 530,740 deaths, while France has reported over 39,524,310 COVID-19 cases with 164,230 deaths. Overall, there were at least 675,217,930 cases of COVID-19 worldwide with more than 6,762,450 deaths.

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