POWL - Dow Turns Lower; Federal Reserve Keeps Rates Unchanged | Benzinga
U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling around 1.5% on Wednesday.
The Dow traded down 0.21% to 38,384.83 while the NASDAQ fell 1.53% to 15,272.34. The S&P 500 also fell, dropping, 1.02% to 4,874.63.
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Leading and Lagging Sectors
Real estate shares rose by 0.7% on Wednesday.
In trading on Wednesday, communication services shares fell by 3.3%.
Top Headline
The Federal Reserve maintained interest rates between 5.25% and 5.5% Wednesday during its first meeting of 2024, aligning with market predictions.
Equities Trading UP
Ashland Inc. (NYSE: ASH) shares shot up 17% to $94.34 after the company reported mixed first-quarter financial results and issued guidance.
Shares of Minim, Inc. (NASDAQ: MINM) got a boost, surging 65% to $4.18. David E. Lazar disclosed a 51% active stake in Minim Inc.
Powell Industries, Inc. (NASDAQ: POWL) shares were also up, gaining 48% to $120.92 after the company reported better-than-expected first-quarter financial results and raised its quarterly dividend.
Equities Trading DOWN
Nuvve Holding Corp. (NASDAQ: NVVE) shares dropped 59% to $1.37. Nuvve announced pricing of $9.6 million underwritten public offering of 4.8 million shares ...