--- title: "Crude Oil Down 4%; Paychex Posts Upbeat Earnings" type: "News" locale: "en" url: "https://longbridge.com/en/news/290721780.md" description: "U.S. stocks rose, with the Dow gaining over 400 points, while energy stocks fell and healthcare surged. Paychex beat Q4 earnings expectations. Pulsenmore shares jumped nearly 200% on a partnership announcement. Conversely, Nuwellis dropped 26% after a reverse split, and Hertz fell 25% following a capital offering. Oil prices declined 4.2%, and the U.S. current account deficit widened in Q1." datetime: "2026-06-24T16:42:56.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290721780.md) - [en](https://longbridge.com/en/news/290721780.md) - [zh-HK](https://longbridge.com/zh-HK/news/290721780.md) generator: "portal-rs" --- # Crude Oil Down 4%; Paychex Posts Upbeat Earnings U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 400 points on Wednesday. The Dow traded up 0.83% to 52,095.25 while the NASDAQ surged 0.27% to 25,654.95. The S&P 500 also rose, gaining, 0.35% to 7,391.51. **Leading and Lagging Sectors** Health care shares jumped by 1.5% on Wednesday. In trading on Wednesday, energy stocks fell by 1.7%. **Top Headline** **Paychex Inc** (NASDAQ:PAYX) reported better-than-expected earnings for the fourth quarter. The company posted quarterly earnings of $1.32 per share which beat the analyst consensus estimate of $1.30 per share. The company reported quarterly sales of $1.606 billion which beat the analyst consensus estimate of $1.601 billion. **Equities Trading UP** - **Pulsenmore Ltd (NASDAQ:PLSM)** shares shot up 199% to $10.18 after the company announced a strategic partnership with Ouma Health to expand access to remote prenatal care in the U.S. - Shares of **Fort Technology Inc** (NASDAQ:FRTT) got a boost, surging 64% to $2.90 after the company announced it signed a non-binding letter of intent for a proposed strategic investment and partnership with Logia USA. Fort proposed to acquire 50.1% of Logia USA. - **Catheter Precision Inc (**NYSE:VTAK) shares were also up, gaining 63% to $1.54 as investors cheered the firm’s partnership with sports and entertainment agency GSE Worldwide and a batch of newly allowed patents covering its heart failure and vascular closure technologies. **Equities Trading DOWN** - **Nuwellis Inc (**NASDAQ:NUWE) shares dropped 26% to $0.094 after the company announced a 1-for-35 reverse stock split. - Shares of **TOYO Co., Ltd (**NASDAQ:TOYO) were down 33% to $8.62 after the company announced a $50 million offering of common shares and warrants at $11 per share and warrant. - **Hertz Global Holdings Inc** (NASDAQ:HTZ) was down, falling 25% to $3.78 after the company announced a $100 million offering. **Commodities** In commodity news, oil traded down 4.2% to $70.14 while gold traded down 2.8% at $4,032.40. Silver traded down 4.8% to $59.075 on Wednesday, while copper fell 2.6% to $5.9890. **Euro zone** European shares were mixed today. The eurozone’s STOXX 600 slipped 0.2%, while Spain’s IBEX 35 Index fell 0.7%. London’s FTSE 100 rose 0.1%, Germany’s DAX dipped 1.1%, while France’s CAC 40 gained 0.3%. **Asia Pacific Markets** Asian markets closed mostly higher on Wednesday, with Japan’s Nikkei 225 dipping 0.88%, Hong Kong’s Hang Seng Index gaining 0.33%, China’s Shanghai Composite rising 0.11% and India’s BSE Sensex gaining 1.04%. **Economics** - The U.S. current account deficit rose to $226.8 billion in the first quarter from a revised $221.1 billion gap in the final quarter of 2025. - U.S. building permits fell 0.9% month-over-month to an annual rate of 1.410 million in June. - U.S. mortgage applications rose by 1% in the third week of June compared to a 3.8% decline in the previous period. *Photo via Shutterstock* ### Related Stocks - [HTZWW.US](https://longbridge.com/en/quote/HTZWW.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [PLSM.US](https://longbridge.com/en/quote/PLSM.US.md) - [HTZ.US](https://longbridge.com/en/quote/HTZ.US.md) - [NUWE.US](https://longbridge.com/en/quote/NUWE.US.md) - [PAYX.US](https://longbridge.com/en/quote/PAYX.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [USOI.US](https://longbridge.com/en/quote/USOI.US.md) - [SCO.US](https://longbridge.com/en/quote/SCO.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [03097.HK](https://longbridge.com/en/quote/03097.HK.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [VDE.US](https://longbridge.com/en/quote/VDE.US.md) - [DIA.US](https://longbridge.com/en/quote/DIA.US.md) - [DDM.US](https://longbridge.com/en/quote/DDM.US.md) - [UDOW.US](https://longbridge.com/en/quote/UDOW.US.md) - [DOG.US](https://longbridge.com/en/quote/DOG.US.md) - [SDOW.US](https://longbridge.com/en/quote/SDOW.US.md) - [DXD.US](https://longbridge.com/en/quote/DXD.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [XES.US](https://longbridge.com/en/quote/XES.US.md) - [PXJ.US](https://longbridge.com/en/quote/PXJ.US.md) - [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md) - [ERX.US](https://longbridge.com/en/quote/ERX.US.md) - [ERY.US](https://longbridge.com/en/quote/ERY.US.md) - [DUG.US](https://longbridge.com/en/quote/DUG.US.md) - [MLPA.US](https://longbridge.com/en/quote/MLPA.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [FRTT.US](https://longbridge.com/en/quote/FRTT.US.md) - [VTAK.US](https://longbridge.com/en/quote/VTAK.US.md) - [TOYO.US](https://longbridge.com/en/quote/TOYO.US.md) - [000001.CN](https://longbridge.com/en/quote/000001.CN.md) - [HTZGQ.US](https://longbridge.com/en/quote/HTZGQ.US.md) ## Related News & Research - [Oil extends losses on hopes for Middle East talks to ease supply woes](https://longbridge.com/en/news/297119059.md) - [RUBBER-Japan futures dip as oil retreats; log second weekly gain](https://longbridge.com/en/news/297280158.md) - [Vise Technologies Inc. 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