US Stocks Edge Higher; UniFirst Shares Fall After Q1 Results - Ascent Solar Technologies (NASDAQ:ASTI), Captivision (NASDAQ:CAPT)

U.S. stocks traded slightly higher this morning, with the Dow Jones gaining around 0.1% on Wednesday.

Following the market opening Wednesday, the Dow traded up 0.05% to 49,485.07 while the NASDAQ gained 0.20% to 23,594.64. The S&P 500 also rose, gaining, 0.12% to 6,952.97.

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Leading and Lagging Sectors

Health care shares gained by 1.4% on Wednesday.

In trading on Wednesday, materials stocks dipped by 1%.

Top Headline

Shares of UniFirst Corp (NYSE: UNF ) fell around 4% on Wednesday after the company posted mixed results for the first quarter.

The company posted adjusted earnings of $1.97 per share, missing market estimates of $2.06 [er share. The company's quarterly sales came in at $621.318 million versus expectations of $615.253 million.

Equities Trading UP
           

Innovative Eyewear Inc (NASDAQ: LUCY ) shares shot up 57% to $1.86 after the company reported preliminary fourth-quarter sales of about $1 million, up 45% year over year. Shares of Ventyx Biosciences Inc (NASDAQ: VTYX ) got a boost, surging 34% to $13.47 following reports that Indianapolis-based Eli Lilly & Co. (NYSE: LLY ) is in advanced talks to acquire the company for more than $1 billion, according to The Wall Street Journal. Captivision Inc (NASDAQ: CAPT ) shares were also up, gaining 34% to $0.50 after the company announced it was granted an extension to regain Nasdaq compliance.

Equities Trading DOWN

Cohen & Company Inc (NYSE: COHN ) shares dropped 16% to $25.54 after gaining 12% on Tuesday. Shares of Curis Inc (NASDAQ: CRIS ) were down 21% to $0.79 after the company announced pricing of private placement totaling up to $80.8 million in gross proceeds. Ascent Solar Technologies, Inc. (NASDAQ: ASTI ) was down, falling 18% to $4.32.

Commodities

In commodity news, oil traded down 0.7% to $56.72 while gold traded down 0.9% at $4,455.40.

Silver traded down 5.6% to $76.540 on Wednesday, while copper fell 2.1% to $5.9365.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 slipped 0.1%, while Spain's IBEX 35 Index fell 0.2%. London's FTSE 100 declined 0.7%, Germany's DAX gained 0.8% and France's CAC 40 gained 0.1% during the session.

Asia Pacific Markets

Asian markets closed mostly lower on Wednesday, with Japan's Nikkei 225 falling 1.06%, Hong Kong's Hang Seng Index declining 0.94%, China's Shanghai Composite gaining 0.05% and India's BSE Sensex falling 0.12%.

Economics

The volume of mortgage applications in the US rose by 0.3% from the previous week during the week ending Jan. 2.

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Photo via Shutterstock

ASTI Ascent Solar Technologies Inc $4.34 -18.0% Overview CAPT Captivision Inc $0.4393 18.7% COHN Cohen & Co Inc $25.70 -20.7% CRIS Curis Inc $0.7816 -21.8% LLY Eli Lilly and Co $1103.32 3.69% LUCY Innovative Eyewear Inc $1.73 46.7% UNF UniFirst Corp $196.36 -3.34% VTYX Ventyx Biosciences Inc $13.77 37.0% Market News and Data brought to you by Benzinga APIs

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