HomeMarket NewsMicro Cap StocksDow Turns Lower; KULR Technology Group Shares Plummet

Dow Turns Lower; KULR Technology Group Shares Plummet

Actionable Trade Ideas

always free

image46

U.S. shares traded blended towards the top of buying and selling, with the Dow Jones falling 100 factors on Wednesday.

The Dow traded down 0.29% to 34,545.66 whereas the NASDAQ rose 0.22% to 13,803.43. The S&P 500, additionally rose, gaining, 0.01% to 4,462.11.

Test This Out: These 3 Well being Care Shares With Over 3% Dividend Yields Are Beneficial By Wall Roadโ€™s Most Correct Analysts

ย 

Main and Lagging Sectors

Utilities shares jumped by 1.6% on Wednesday.

In buying and selling on Wednesday, actual property shares fell by 1%.

ย 

High Headline

The annual inflation fee within the U.S. rose for a second consecutive month to three.7% in August from 3.2% within the earlier month, and in addition above market estimates of three.6%. Client costs elevated 0.6% month-over-month in August following a 0.2% progress in July.

ย 

Equities Buying and selling UP

HireRight Holdings Company HRT shares shot up 13% to $9.91.

HireRight plans extra $25 million share repurchase program.

Shares of Rocket Prescription drugs, Inc. RCKT obtained a lift, capturing 37% to $20.91 after the corporate introduced that alignment has been reached with the FDA on the worldwide Section 2 pivotal trial of RP-A501 for Danon Illness.

DZS Inc. DZSI shares had been additionally up, gaining 28% to $2.35. DZS secured $29.7 million in financing.

ย 

Equities Buying and selling DOWN

Eiger BioPharmaceuticals, Inc. EIGR shares dropped 39% to $0.4201 after the corporate introduced its choice to discontinue the Section 3 LIMT-2 examine of peginterferon lambda in sufferers with power hepatitis delta.

Shares of Calidi Biotherapeutics CLDI had been down 46% to $4.30 following the corporateโ€™s public debut.

KULR Expertise Group, Inc. KULR was down, falling 31% to $0.4026 as the corporate reported pricing of $2.5 million public providing of frequent inventory.

Additionally Test This Out: Round $8M Guess On Southwest Fuel Holdings? Test Out These 4 Shares Insiders Are Shopping for

ย 

Commodities

In commodity information, oil traded down 0.4% to $88.52 whereas gold traded down 0.1% at $1,932.40.

Silver traded down 1.1% to $23.145 on Wednesday whereas copper rose 0.1% to $3.7935.

ย 

Euro zone

European shares had been decrease right this moment. The eurozoneโ€™s STOXX 600 fell 0.32% Londonโ€™s FTSE 100 slipped 0.02% whereas Spainโ€™s IBEX 35 Index fell 0.33% The German DAX fell 0.39% French CAC 40 fell 0.42%, whereas Italyโ€™s FTSE MIB Index declined 0.36%.

Industrial manufacturing within the Eurozone fell by 1.1% month-over-month in July, in comparison with market expectations for a 0.7% lower.

The British economic system contracted by 0.5% month-over-month in July following a 0.5% progress within the prior month. The UKโ€™s commerce deficit shrank to ยฃ3.446 billion in July from ยฃ4.787 billion a month in the past, whereas industrial manufacturing declined 0.7% month-over-month in July. Manufacturing output dropped 0.8% month-over-month in July, whereas building output rose by 2.8% year-over-year in July.

ย 

Asia Pacific Markets

Asian markets closed principally decrease on Wednesday, with Japanโ€™s Nikkei 225 falling 0.21%, Hong Kongโ€™s Hold Seng Index falling 0.09% and Chinaโ€™s Shanghai Composite Index declining 0.45%. Indiaโ€™s S&P BSE Sensex, in the meantime, rose 0.4%.

Producer costs in Japan elevated by 3.2% year-over-year in August following a revised 3.4% progress in July, whereas Reuters Tankan sentiment index for producers dropped to +4 in September versus Augustโ€™s studying of +12.

ย 

Economics

Mortgage purposes within the U.S. declined 0.8% within the week ending Sept. 8, 2023, versus a 2.9% decline within the prior interval.

The annual inflation fee within the U.S. rose for a second consecutive month to three.7% in August from 3.2% within the earlier month, and in addition above market estimates of three.6%. Client costs elevated 0.6% month-over-month in August following a 0.2% progress in July.

U.S. crude oil inventories climbed by 3.954 million barrels within the week ending Sept. 8, 2023, versus market estimates of a 1.912 million decline.

Now Learn This: High 3 Utilities Shares That Might Explode This Quarter

ย 

COVID-19 Replace

The U.S. has the very best variety of coronavirus instances and deaths on this planet, reporting a complete of 108,331,780 instances with round 1,174,690 deaths. India confirmed a complete of not less than 44,997,820 instances and 531,930 deaths, whereas France reported over 40,138,560 COVID-19 instances with 167,640 deaths. In whole, there have been not less than 695,188,410 instances of COVID-19 worldwide with greater than 6,914,960 deaths.

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.