This comes as investors eagerly await a key inflation indicator this Friday and also access the signs that the economy is slowing down. Among exchange-traded funds, the Nasdaq 100 tracker Invesco QQQ Trust ( NASDAQ: QQQ) is up by 0.42% while the SPDR S&P 500 ETF ( NYSEARCA: SPY) is down by 0.14%. The Nasdaq, however, is trading higher by 0.34%. Treasury Yields Breaches 3% Again Fed GDP Tracker Indicates A Possible Recessionįollowing the stock market opening on Wednesday, the S&P 500 and Dow are trading lower at 0.48% and 0.67% respectively.
Chinese EV leaders like Nio ( NYSE: NIO) and Xpeng Motors ( NYSE: XPEV) are trading higher today as well. Lucid Group ( NASDAQ: LCID) is up by 4.69% today. Rival EV companies like Rivian ( NASDAQ: RIVN) are also up by 4.58%.
Shares of EV leader Tesla ( NASDAQ: TSLA) are up by 4.21% on Wednesday. Among the Dow financial leaders, Visa ( NYSE: V) is up by 0.33% while JPMorgan Chase ( NYSE: JPM) is down by 0.67% Meanwhile, Disney ( NYSE: DIS) and Nike ( NYSE: NKE) are trading higher on Wednesday.
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The deal will enhance the integration of DocuSign technology into Microsoft’s family of software applications.Īmong the Dow Jones leaders, shares of Apple ( NASDAQ: AAPL) are up by 0.59% today while Microsoft is down by 0.12%. DocuSign ( NASDAQ: DOCU) is also up after the company announced an expanded global partnership with Microsoft ( NASDAQ: MSFT). The company will prepare data for the FDA in the coming weeks. Shares of Moderna ( NASDAQ: MRNA) is up after it announced a modified version of its Covid-19 booster shot prompted stronger immune response than the company’s original vaccine against the omicron variant. She will also address a House panel today.
Secretary of the Treasury Janet Yellen says that despite persistent inflation, it was not because of President Biden’s $1.9 trillion Covid-19 spending legislation that caused it. However, mortgage demand has also fallen to the lowest in 22 years as slowing home sales and rising rates continue to be at bay. Mortgage rates are increasing after a brief decline in May. On Wednesday, the Dow Jones Industrial Average is down by 200 points after back-to-back gains on Wall Street.
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