U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining around 100 points on Wednesday.



Following the market opening Wednesday, the Dow traded down 0.03% to 49,349.19 while the NASDAQ gained 0.39% to 25,971.51. The S&amp;P 500 also rose, gaining, 0.17% to 7,366.18.



Leading and Lagging Sectors



Information technology shares jumped by 0.7% on Wednesday.



In trading on Wednesday, consumer staples stocks fell by 0.9%.



Top Headline



Target Corp (NYSE:TGT) reported upbeat earnings for the first quarter and raised its FY2026 sales forecast.



The company posted quarterly earnings of $1.71 per share which beat the analyst consensus estimate of $1.46 per share. The company reported quarterly sales of $25.443 billion which beat the analyst consensus estimate of $24.639 billion ar.



Equities Trading UP            



<ul>
<li>Silexion Therapeutics Corp (NASDAQ:SLXN) shares shot up 126% to $0.61.</li>



<li>Shares of GCL Global Holdings Ltd (NASDAQ:GCL) got a boost, surging 68% to $0.72. The move followed GCL's announcement Tuesday that its publishing subsidiary, 4Divinity Pte. Ltd., secured an additional $10 million strategic investment from ADATA Technology, a maker of memory, storage and gaming hardware products.</li>



<li>Capstone Holding Corp (NASDAQ:CAPS) shares were also up, gaining 43% to $0.44 after the company reported first-quarter financial results.</li>
</ul>



Equities Trading DOWN



<ul>
<li>Jayud Global Logistics Ltd (NASDAQ:JYD) shares dropped 52% to $0.91.</li>



<li>Shares of 707 Cayman Holdings Ltd (NASDAQ:JEM) were down 46% to $1.06.</li>



<li>Lichen International Ltd (NASDAQ:LICN) was down, falling 41% to $1.67.</li>
</ul>



Commodities In commodity news, oil traded down 2.4% to $101.61 while gold traded down 0.2% at $4,500.70.



Silver traded up 0.9% to $75.815 on Wednesday, while copper rose 0.7% to $6.2475.



Euro zone



European shares were higher today. The eurozone's STOXX 600 gained 0.5%, while Spain's IBEX 35 Index rose 0.5%. London's FTSE 100 gained 0.2%, Germany's DAX rose 0.4%, while France's CAC 40 rose 0.5%.



Asia Pacific Markets



Asian markets closed mostly lower on Wednesday, with Japan's Nikkei 225 falling 1.23%, Hong Kong's Hang Seng Index falling 0.57%, China's Shanghai Composite declining 0.18% and India's BSE Sensex gaining 0.16%



Economics



U.S. mortgage applications declined by 2.3% in the second week of May, following a 1.7% gain in the previous period.



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U.S. stocks showed mixed results with the Nasdaq up 0.39% and the Dow down 0.03%. Target Corp reported strong earnings, exceeding estimates, and raised its FY2026 sales forecast. Oil prices fell by 2.4%, while mortgage applications declined by 2.3%. Notable stock movements included Silexion Therapeutics up 126% and Jayud Global Logistics down 52%. European markets rose, while Asian markets mostly declined.

- U.S. stocks showed mixed results, with the Nasdaq Composite gaining about 100 points on Wednesday, while the Dow dipped 0.03%.  
- Target Corp reported strong earnings for Q1, exceeding analyst expectations, and raised its FY2026 sales forecast.  
- European shares rose, while Asian markets mostly declined, and U.S. mortgage applications fell by 2.3% in the second week of May.

Nasdaq Gains 100 Points; Target Earnings Top Views