U.S. stocks traded lower toward the end of trading, with the S&P 500 falling more than 1% on Wednesday.
The Dow traded down 0.70% to 33,760.26 while the NASDAQ fell 1.45% to 13,338.71. The S&P 500 also fell, dropping, 1.17% to 4,322.10.
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Leading and Lagging Sectors
Energy shares climbed by 0.9% on Wednesday.
In trading on Wednesday, materials shares fell by 2.1%.
Top Headline
Crude oil inventories in the US declined by 4.491 million barrels in the week ending Oct. 13, following a 10.176 million-barrel increase in the prior period, the EIA said.
Equities Trading UP
Spirit AeroSystems Holdings, Inc. (NYSE: SPR) shares shot up 24% to $21.31 after the company announced it reached an agreement with Boeing to support production stability. The company also issued guidance.
Shares of Ardelyx, Inc. (NASDAQ: ARDX) got a boost, shooting 13% to $3.8850 after the company announced the FDA approved XPHOZAH.
SeaStar Medical Holding Corporation (NASDAQ: ICU) shares were also up, gaining 54% to $0.6995 after ...