Dow Dips Over 100 Points; TJX Earnings Top Views

U.S. stocks traded mixed toward the end of trading, with the Dow Jones index falling more than 100 points on Wednesday.

The Dow traded down 0.32% to 43,482.16 while the NASDAQ gained 0.07% to 19,038.99. The S&P 500 also fell, dropping, 0.01% to 5,954.69.

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Leading and Lagging Sectors

Information technology shares jumped by 0.6% on Wednesday.

In trading on Wednesday, consumer staples shares fell by 1.5%.

Top Headline

TJX Companies Inc TJX posted better-than-expected fourth-quarter FY25 earnings results.

The company's fourth-quarter FY25 sales remained flat year-on-year to $16.4 billion, beating the analyst consensus estimate of $16.20 billion.

Overall comp store sales increased 5%, well above the Company's plan, and were driven by an increase in customer transactions. Adjusted EPS of $1.23 beat the consensus estimate of $1.16.

Equities Trading UP

Enveric Biosciences, Inc. ENVB shares shot up 116% to $2.54 after the company announced its non-hallucinogenic psychedelic compounds showed promise for treating addiction and ADHD.
Shares of Mullen Automotive, Inc. MULNgot a boost, surging 59% to $3.72 after the company announced that its Mullen ONE and Mullen THREE vehicles have been added to National Auto Fleet Group’s Sourcewell contract for public sector government purchasing.
Porch Group, Inc. PRCH shares were also up, gaining 80% to $6.80 after the company reported fourth-quarter financial results.

Equities Trading DOWN

Flywire Corporation FLYW shares dropped 40% to $10.67 after the company reported worse-than-expected fourth-quarter financial results.
Shares of AppLovin Corporation APP were down 17% to $311.57 with two new short reports adding to the targets against the high-rising stock.
Geron Corporation GERN was down, falling 31% to $1.6250 after the company posted quarterly results.

Commodities

In commodity news, oil traded down 0.2% to $68.79 while gold traded up 0.4% at $2,930.50.

Silver traded up 1.1% to $32.165 on Wednesday, while copper rose 1.2% to $4.5795.

Euro zone

European shares were higher today. The eurozone's STOXX 600 rose 0.99%, Germany's DAX 40 gained 1.71% and France's CAC 40 climbed 1.15%. Spain's IBEX 35 Index rose 1.64%, while London's FTSE 100 rose 0.72%.

Asia Pacific Markets

Asian markets closed mixed on Wednesday, with Japan's Nikkei falling 0.25%, China's Shanghai Composite Index gaining 1.02% and Hong Kong's Hang Seng Index surging 3.27%.

Economics

U.S. mortgage applications declined by 1.2% from the previous week during the week ending Feb. 21
U.S. crude oil inventories declined by 2.332 million barrels in the week ended Feb. 21, compared to market estimates of a 2.54 million gain, the EIA said.
Sales of new single-family homes in the U.S. dipped 10.5% to an annualized rate of 657,000 in January.
Building permits declined by 0.6% to an annualized rate of 1.473 million in January.

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