U.S. stocks traded mixed midway through trading, with the Dow Jones falling more than 50 points on Wednesday.
The Dow traded down 0.20% to 38,194.62 while the NASDAQ rose 0.19% to 15,686.43. The S&P 500 also rose, gaining, 0.11% to 4,958.84.
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Leading and Lagging Sectors
Industrials shares rose by 1% on Wednesday.
In trading on Wednesday, energy shares fell by 0.2%.
Top Headline
Louisiana-Pacific Corp (NYSE: LPX) reported better-than-expected results for its fourth quarter.
Louisiana-Pacific reported a fourth-quarter fiscal 2023 net sales decline of 6.7% year-over-year to $658 million, beating the consensus of $619.97 million. Adjusted EPS was 71 cents, up from 61 cents YoY, beating the consensus of 55 cents
Equities Trading UP
enGene Holdings Inc. (NASDAQ: ENGN) shares shot up 75% to $13.34. The company’s CEO Jason Hanson is resigning due to personal family and health reasons, though he will continue to support the company as a strategic advisor after a successor is appointed. Concurrently, enGene announced a private placement of 20 million common shares at $10.00 per share, representing a ...