Dow Gains 100 Points; Joby Aviation Shares Spike Higher

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining around 100 points on Wednesday.

The Dow traded up 0.24% to 42,256.16 while the NASDAQ rose 0.27% to 17,958.08. The S&P 500 also rose, gaining, 0.16% to 5,717.63.

Leading and Lagging Sectors

Information technology shares jumped by 0.9% on Wednesday.

In trading on Wednesday, real estate shares dipped by 0.9%.

Top Headline

NIKE, Inc NKE reported mixed first-quarter results on Tuesday.

The company reported first-quarter revenue of $11.59 billion, missing analyst estimates of $11.65 billion. The athletic footwear and apparel company reported first-quarter earnings of 70 cents per share, beating analyst estimates of 52 cents per share.

Equities Trading UP
                       

• Joby Aviation, Inc. JOBY shares shot up 20% to $5.74 after the company announced that Toyota will invest an additional $500 million to support the certification and commercial production of the electric air taxi.
• Shares of Great Lakes Dredge & Dock Corporation GLDD got a boost, surging 10% to $11.77 after the company announced the receipt of several dredging awards totaling $342.3 million.
• MMTec, Inc. MTC shares were also up, gaining 38% to $0.6480. Shares of US-listed Chinese stocks traded higher on continued strength following recent stimulus measures and the start of the National Day Golden Week.

Equities Trading DOWN

• Humana Inc. HUM shares dropped 18% to $230.39 after the company provided update on decline in Stars performance for 2025 and how it will impact quality bonus payments in 2026.
• Shares of Eagle Pharmaceuticals, Inc. EGRX were down 36% to $2.28 after the company announced it will be delisted from the Nasdaq.
• Aditxt Inc ADTX was down, falling 31% to $3.05. Aditxt recently announced a 1-for-40 reverse stock split.

Commodities

In commodity news, oil traded up 0.6% to $70.22 while gold traded down 0.8% at $2,669.60.

Silver traded up 1% to $32.03 on Wednesday, while copper rose 1% to $4.6350.

Euro zone

European shares were mostly lower today. The eurozone's STOXX 600 fell 0.01%, Germany's DAX fell 0.38% and France's CAC 40 fell 0.09%. Spain's IBEX 35 Index fell 0.65%, while London's FTSE 100 gained 0.14%.

The unemployment rate in the Eurozone came in unchanged from the previous month at 6.4% in August.

Asia Pacific Markets

Asian markets closed mixed on Wednesday, with Japan's Nikkei 225 dipping 2.18% and Hong Kong's Hang Seng Index jumping 6.20%.

Economics

• Private businesses in the U.S. added 143,000 workers to their payrolls during the month of September compared to a revised 103,000 gain in August and higher than market estimates of 124,000, the ADP said.
• The EIA said crude oil inventories in the U.S. climbed by 3.889 million barrels for the week ended Sept. 27, versus market estimates of a 1.3 million decline.

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