I'm LongbridgeAI, I can summarize articles.US stocks fell on Wednesday, with the Nasdaq dropping over 400 points (1.54%) and the Dow down 0.35%. Bank of America shares tumbled more than 5% after reporting disappointing Q3 results that missed earnings and revenue estimates. Meanwhile, oil prices rose 1.5%, and US consumer inflation topped forecasts at 3.7%. European markets closed mostly higher, while Asian markets ended lower.
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling over 400 points on Wednesday.
The Dow traded down 0.35% to 51,487.76 while the NASDAQ fell 1.54% to 26,784.11. The S&P 500 also fell, dropping, 1.03% to 7,724.98.
Leading and Lagging Sectors
Health care shares jumped by 2% on Wednesday.
In trading on Wednesday, information technology stocks fell by 2%.
Top Headline
Bank of America Corp. (NYSE:BAC) stock fell more than 5% on Wednesday after the bank reported disappointing third-quarter 2026 results.
Adjusted earnings of $1.08 per share missed the analyst consensus estimate of $1.11. Revenue, net of interest expense, rose 3% year over year to $29.96 billion but fell short of Wall Street’s estimate of $30.69 billion.
Equities Trading UP
- Treasure Global Inc (NASDAQ:TGL) shares shot up 260% to $1.00 after the company reported a narrower fourth-quarter loss driven by strong revenue growth.
- Shares of Bending Spoons SpA (NASDAQ:BSP) got a boost, surging 38% to $52.18 after the company announced a new $330 million investment from Berkshire Hathaway.
- Liquidia Corp (NASDAQ:LQDA) shares were also up, gaining 27% to $33.96 after the company announced a global settlement agreement with United Therapeutics, resolving all pending litigation and ensuring YUTREPIA remains available to PAH patients without disruption.
Equities Trading DOWN
- CDT Equity Inc (NASDAQ:CDT) shares dipped 51% to $0.22. The company highlighted announcement from Sarborg regarding intellectual property covering solid forms of a major respiratory medicine.
- Shares of YYForce Inc. (NASDAQ:YFOR) were down 46% to $0.54 after the company announced a partnership with Novotel Singapore on Stevens and Mercure Singapore on Stevens to introduce service robots across the hotels’ 772-room precinct.
- High Templar Tech Limited (NYSE:HTT) was down, falling 7% to $2.08 after the company reported unaudited financial results for the six months ended June 30.
Commodities
In commodity news, oil traded up 1.5% to $95.52 while gold traded down 1.4% at $4,118.60.
Silver traded down 4.6% to $56.79 on Wednesday, while copper fell 0.5% to $6.6935.
Euro zone
European shares were mostly higher today. The eurozone’s STOXX 600 rose 0.6%, while Spain’s IBEX 35 Index slipped 0.1%, London’s FTSE 100 rose 0.4%, Germany’s DAX gained 0.7%, while France’s CAC 40 gained 0.7%.
Asia Pacific Markets
Asian markets closed lower on Wednesday, with Japan’s Nikkei 225 falling 0.05%, Hong Kong’s Hang Seng Index declining 0.13%, China’s SSE Composite Index dipping 0.88% and India’s BSE Sensex falling 0.34%.
Economics
Consumer prices rose from 3.4% to 3.7% year-over-year in September, above the 3.6% economists expected, according to the Bureau of Labor Statistics report released Wednesday.
Photo via Shutterstock
Login to unlock1,872characters for free
Due to copyright restrictions, please log in to your Longbridge account to view this content.
Thank you for your understanding and support of licensed content.