Crude Oil Rises 1%; Dollar Tree Shares Fall After Q1 Results

Equities Trading DOWN

• Silo Pharma, Inc. SILO shares dropped 36% to $1.4499 after the company announced a $2 million registered direct offering.
• Shares of Volcon, Inc. VLCN were down 21% to $0.1324 after the company announced a 1-for-100 reverse stock split.
• SPAR Group, Inc. SGRP was down, falling 24% to $2.16 after the company announced that it entered into a letter of intent to go private with Highwire Capital.

Also Check This Out: Top 4 Consumer Stocks That May Implode In Q2

Commodities

In commodity news, oil traded up 1% to $74.00 while gold traded up 1.1% at $2,373.90.

Silver traded up 1.6% to $30.095 on Wednesday, while copper rose 1.7% to $4.6130.

Euro zone

European shares were higher today. The eurozone's STOXX 600 rose 0.81%, Germany's DAX gained 0.93% and France's CAC 40 rose 0.87%. Spain's IBEX 35 Index jumped 0.59%, while London's FTSE 100 rose 0.18%.

The HCOB Eurozone services PMI fell to 53.2 in May versus a preliminary reading of 53.3. The S&P Global UK services PMI declined to 52.9 in May compared to the one-year high level of 55 in the prior month. The HCOB Germany services PMI rose to 54.2 in May versus a preliminary reading of 53.9. The HCOB France services PMI declined to 49.3 in May versus 51.3 a month ago.

Asia Pacific Markets

Asian markets closed mostly lower on Wednesday, with Japan's Nikkei falling 0.89%, China's Composite Index falling 0.83%, Hong Kong's Hang Seng Index falling 0.10% and India's S&P BSE Sensex jumping 3.20%.

The HSBC India services PMI was revised lower to 60.4 in May versus a preliminary reading of 61.4, while Caixin China general services PMI rose to 54.0 in May from 52.5 a month ago. The au Jibun Bank Japan services PMI rose to 53.8 in May versus a preliminary level of 53.6, while the S&P Global Hong Kong SAR PMI declined to 49.2 in May.

The Australian economy grew by 0.1% quarter-over-quarter in the fourth quarter, while Judo Bank flash Australia services PMI business activity index declined to 52.5 in from 53.6 in the previous month.

Economics

• U.S. mortgage applications fell by 5.2% in the final week of May.
• U.S. private businesses added 152,000 workers to their payrolls in May, compared to market estimates of 173,000 and down from 192,000 in April.
• The S&P Global services PMI came in at 54.8 in May, unrevised versus the preliminary reading.
• The ISM services PMI climbed to 53.8 in May, notching the highest level in nine months, and topping market expectations of 50.8.
• The EIA said stocks of crude oil in the US increased by 1.233 million barrels in the week ending May 31, versus market estimates of a 2.30 million-barrel decline.

Now Read This: Owens & Minor, O’Reilly Automotive And 2 Other Stocks Insiders Are Selling