US stocks closed Wednesday’s trading session on a slightly positive note, with the tech sector leading the charge. The Nasdaq Composite gained around 0.24%, while the Dow Jones Industrial Average and the S&P 500 also experienced modest gains, closing 0.07% and 0.03% higher, respectively.
The day’s trading saw notable movements in specific companies, with some experiencing significant gains and others facing challenges.
Equities Trading Up
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Joby Aviation, Inc. (JOBY)
shares soared 25% to $6.02 after the company announced Toyota’s additional $500 million investment to support the certification and commercial production of its electric air taxi. This news signals a major step forward for Joby Aviation’s ambitious project.*
RPM International Inc. (RPM)
shares also saw a boost, surging 7% to $128.37 following the company’s announcement of better-than-expected first-quarter adjusted earnings per share results. This positive performance indicates strong financial health for the company.*
MMTec, Inc. (MTC)
shares also climbed, gaining 46% to $0.6818.* US-listed Chinese stocks continued to trade higher, building on recent momentum driven by stimulus measures and the start of the National Day Golden Week holiday.
Equities Trading Down
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Humana Inc. (HUM)
shares took a hit, dropping 13% to $242.64 after the company provided an update on the decline in its Stars performance for 2025 and the impact it will have on quality bonus payments in 2026. This news raises concerns about the company’s future performance.*
Eagle Pharmaceuticals, Inc. (EGRX)
shares plummeted 34% to $2.35 following the company’s announcement that it will be delisted from the Nasdaq. This news indicates significant challenges for the company’s future prospects.*
Aditxt Inc (ADTX)
shares also saw a decline, falling 30% to $3.1318. This downward movement followed the company’s recent announcement of a 1-for-40 reverse stock split.Commodities
In commodity news, oil traded up 0.4% to $70.08, while gold saw a decline of 0.7%, settling at $2,672.80. Silver traded up 0.8% to $31.980, and copper rose 1.3% to $4.65.
European Markets
European shares closed with mixed results. The eurozone’s STOXX 600 rose 0.05%, while Germany’s DAX fell 0.25% and France’s CAC 40 gained 0.05%. Spain’s IBEX 35 Index fell 0.55%, while London’s FTSE 100 gained 0.17%. The unemployment rate in the Eurozone remained unchanged at 6.4% in August, according to data released today.
Asia Pacific Markets
Asian markets closed with mixed results on Wednesday. Japan’s Nikkei 225 dipped 2.18%, while Hong Kong’s Hang Seng Index jumped 6.20%.
Economics
The ADP reported that private businesses in the US added 143,000 workers to their payrolls during September, surpassing market estimates of 124,000. This positive figure suggests continued growth in the US labor market.
The EIA reported that crude oil inventories in the US climbed by 3.889 million barrels for the week ending September 27, defying market estimates of a 1.3 million decline. This increase in oil inventories might be attributed to various factors, such as changes in production and demand.
These are some of the key developments that shaped the financial markets on Wednesday. Investors will continue to closely monitor these trends to gain insights into the direction of the markets in the coming days.
