US Stocks Mixed Ahead Of Fed Decision; Dow Surges 100 Points - A SPAC III Acquisition (NASDAQ:ASPC), Agape ATP (NASDAQ:ATPC)

U.S. stocks traded mixed this morning, with the Dow Jones index gaining around 100 points on Wednesday.

Following the market opening Wednesday, the Dow traded up 0.23% to 47,669.92 while the NASDAQ fell 0.19% to 23,530.68. The S&P 500 also rose, gaining, 0.02% to 6,842.14.

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Leading and Lagging Sectors

Industrials shares jumped by 0.8% on Wednesday.

In trading on Wednesday, information technology stocks fell by 0.6%.

Top Headline

Chewy Inc. (NYSE: CHWY ) on Wednesday reported better-than-expected results for the third quarter.

The company posted adjusted earnings of 32 cents per share, beating the consensus of 13 cents and within the management guidance of 28-33 cents.

The retailer of pet supplies reported sales of $3.117 billion, up 8.3% year over year, compared to the consensus of $3.099 billion and the management guidance of $3.07 billion-$3.1 billion.

Equities Trading UP
           

A SPAC III Acquisition Corp. (NASDAQ: ASPC ) shares shot up 336% to $45.69. Shares of Beasley Broadcast Group, Inc. (NASDAQ: BBGI ) got a boost, surging 135% to $9.52. Enveric Biosciences, Inc. (NASDAQ: ENVB ) shares were also up, gaining 102% to $11.94. The Massachusetts-based biotech company received a Notice of Allowance from the U.S. Patent and Trademark Office for a patent application related to its EVM301 Series molecules, which are being developed as potential treatments for mental health disorders.

Equities Trading DOWN

WORK Medical Technology Group LTD (NASDAQ: WOK ) shares dropped 86% to $0.7876. Shares of Agape ATP Corporation (NASDAQ: ATPC ) were down 82% to $0.2332. Pomdoctor Limited (NASDAQ: POM ) was down, falling 73% to $1.4799.

Commodities

In commodity news, oil traded down 0.6% to $57.92 while gold traded down 0.2% at $4,227.60.

Silver traded up 0.3% to $60.990 on Wednesday, while copper rose 0.8% to $5.3615.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 rose 0.1%, while Spain's IBEX 35 Index rose 0.1%. London's FTSE 100 rose 0.3%, Germany's DAX 40 fell 0.3% and France's CAC 40 fell 0.4% during the session.

Asia Pacific Markets

Asian markets closed mostly lower on Wednesday, with Japan's Nikkei falling 0.10%, Hong Kong's Hang Seng gaining 0.42%, China's Shanghai Composite declining 0.23% and India's BSE Sensex declining 0.32%.

Economics

U.S. compensation costs for civilian workers rose 0.8% in the third quarter, compared to a 0.9% gain in the previous period. The volume of mortgage applications increased 4.8% in the first week of December versus the previous week.

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Photo via Shutterstock

ASPC A SPAC III Acquisition Corp $39.60 277.9% Overview ATPC Agape ATP Corp $0.2632 -80.0% BBGI Beasley Broadcast Group Inc $9.52 135.1% CHWY Chewy Inc $35.77 2.67% ENVB Enveric Biosciences Inc $13.01 119.8% POM Pomdoctor Ltd $1.48 -72.6% WOK WORK Medical Technology Group Ltd $0.9500 -82.9% Market News and Data brought to you by Benzinga APIs

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