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Wall Street News: Nasdaq rises more than 300 points and the Trading Desk rises

Wall Street News: Nasdaq rises more than 300 points and the Trading Desk rises

Wall Street News: Nasdaq rises more than 300 points and the Trading Desk rises

4 a moment of reading

US stocks were trading higher towards the end of the trading day, following the release of the inflation data.

The Dow rose 1.42% to 33,240.49 and the NASDAQ rose 2.63% to 12,822.69. The S&P 500 also posted a 1.90% rally to settle at 4,200.92 points.


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The sectors with the most progress and the most progress

Content shares rose 3.1% on Wednesday. The main beneficiaries are the sectoral was Amyris, Inc. (NASDAQ:AMRS), which rose 29%, and Century Aluminum Company (NASDAQ:CENX), which rose 18%.

In Wednesday’s trading, energy shares advanced just 0.02%.

the principal holder

The US government’s budget deficit fell 30% to $211 billion in July from $302 billion in the same month a year earlier.

stocks on the rise

Actions of BioAtla, Inc. (NASDAQ:BCAB) soared 75% to $6.32 after the company released its earnings for Profit of the second trimester.

Actions of The Trading Desk, Inc. (NASDAQ: TTD) rose 34% to $72.93 after the company reported better-than-expected second-quarter sales results and issued a higher-than-expected third-quarter sales forecast. In addition, several analysts raised the price target on the stock.

Actions of Velo3D, Inc. (NYSE: VLD) also increased 37% to $4.9050, after posting upbeat results for the second quarter.

stocks down

Actions of OptimizeRx Corporation (NASDAQ:OPRX) fell 27% to $16.17 after the company reported worse-than-expected second-quarter sales and EPS results and issued a below-estimated full-year sales forecast. target prices for actions.

Actions of Redbox Entertainment Inc. (NASDAQ: RDBX) fell 48% to $1.8250 after the company announced that its shareholders had approved the merger with Chicken Soup for the Soul Entertainment, Inc.

Singular Genomics Systems, Inc. (NASDAQ: OMIC ) fell 32% to $483.04 after releasing its second quarter results. Goldman Sachs and BofA Securities also downgraded the stock.

Raw materials

I news On commodities, oil fell 1.6% to $92.23 and gold fell 0.2% to $1,809.30.

On Wednesday, silver advanced 0.8% to $20.655 and copper rose 1.6% to $3.6415.

the euro area

European stocks closed the day higher. The Eurozone STOXX 600 rose 0.89%, London’s FTSE 100 rose 0.25% and Spain’s IBEX 35 index rose 0.49%. Germany’s DAX gained 1.23% and France’s CAC 40 rose 0.52% and Italy’s FTSE MIB index rose 0.95%.

Germany’s annual inflation rate fell to 7.5% in July from 7.6% in June, while Italy’s annual inflation rate fell to 7.9% year-on-year in July compared to a 36-year peak of 8% was registered the. the previous month.

Economy

The annual US inflation rate fell to 8.5% in July from 9.1% in June (the highest level in more than 40 years), against Wall Street expectations of 8.7%. Compared to the previous month, the CPI was unchanged in July, having posted a 17-year high of 1.3%.

Wholesale inventory data for June will be released at 10:00 ET. The second estimate for wholesale inventories is a 1.9% increase in June, unchanged from the first estimate.

US crude oil inventories rose 5.458 million barrels to 432 million barrels in the week ended August 5, according to the Energy Information Administration (EIA).

The US government’s budget deficit fell 30% to $211 billion in July from $302 billion in the same month a year earlier.

Update on Covid-19

The United States maintains the highest number of Coronavirus infections and deaths in the world, with a total of 94,128,900 confirmed cases and approximately 1,059,640 deaths. For its part, India has registered at least 44,190,690 infections with coronavirus and 526,820 deaths, while Brazil has confirmed more than 34,117,880 cases of the coronavirus. Covid-19 and 152,820 deaths. In total, at least 591,503,840 cases of Covid-19 have been registered worldwide and more than 6,442,480 deaths.

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