POWL - Nasdaq Tumbles 150 Points; US Private Sector Adds 107000 Jobs In January | Benzinga
U.S. stocks traded mixed this morning, with the Nasdaq Composite falling around 150 points on Wednesday.
Following the market opening Wednesday, the Dow traded up 0.13% to 38,517.77 while the NASDAQ fell 1.07% to 15,344.69. The S&P 500 also fell, dropping, 0.47% to 4,901.66.
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Leading and Lagging Sectors
Utilities shares rose by 0.8% on Wednesday.
In trading on Wednesday, communication services shares fell by 3%.
Top Headline
Private businesses in the U.S. added 107,000 workers in January, compared to a revised 158,000 gain in December and versus market estimates of 145,000.
Equities Trading UP
Connexa Sports Technologies Inc. (NASDAQ: CNXA) shares shot up 135% to $0.47. Connexa said it has regained compliance with Nasdaq minimum shareholder equity rule.
Shares of Lytus Technologies Holdings PTV. Ltd. (NASDAQ: LYT) got a boost, surging 53% to $0.1231 after falling around 7% on Tuesday.
Powell Industries, Inc. (NASDAQ: POWL) shares were also up, gaining 35% to $110.52 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 56% to $1.46. Nuvve announced pricing of ...