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    Dow Surges Over 100 Points; JM Smucker Earnings Miss Views

    Benzinga·08/27/2025 14:38:23
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    U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 100 points on Wednesday.

    The Dow traded up 0.27% to 45,539.74 while the NASDAQ rose 0.11% to 21,568.68. The S&P 500 also rose, gaining, 0.16% to 6,476.15.

    Check This Out: Top 3 Health Care Stocks You’ll Regret Missing This Quarter

    Leading and Lagging Sectors

    Energy shares jumped by 0.7% on Wednesday.

    In trading on Wednesday, utilities stocks fell by 0.1%.

    Top Headline

    The J. M. Smucker Company (NYSE:SJM) reported weaker-than-expected second-quarter results.

    JM Smucker reported quarterly earnings of $1.90 per share which missed the analyst consensus estimate of $1.93 per share. The company reported quarterly sales of $2.113 billion which missed the analyst consensus estimate of $2.115 billion.

    Equities Trading UP
               

    • Top KingWin Ltd (NASDAQ:WAI) shares shot up 141% to $0.2732.
    • Shares of NovaBay Pharmaceuticals, Inc. (NYSE:NBY) got a boost, surging 82% to $1.6346 after the company announced a one-time special cash dividend of $0.80 per share.
    • Azitra, Inc. (NYSE:AZTR) shares were also up, gaining 52% to $1.1510 after the company announced the dosing of its first patient in its Phase 1/2 trial of ATR04-48.

    Equities Trading DOWN

    • Next Technology Holding Inc. (NASDAQ:NXTT) shares dropped 30% to $0.7161.
    • Shares of AGM Group Holdings Inc. (NASDAQ:AGMH) were down 25% to $1.9500.
    • Kindly MD, Inc. (NASDAQ:NAKA) was down, falling 21% to $6.35 after the company reported a $5 billion at-the-market equity offering program.

    Commodities

    In commodity news, oil traded up 0.6% to $63.64 while gold traded down 0.1% at $3,430.50.

    Silver traded down 0.6% to $38.375 on Wednesday, while copper fell 1.2% to $4.4760.

    Euro zone

    European shares were mixed today. The eurozone's STOXX 600 rose 0.1%, while Spain's IBEX 35 Index fell 0.6%. London's FTSE 100 fell 0.2%, Germany's DAX 40 fell 0.4% and France's CAC 40 rose 0.5% during the session.

    Asia Pacific Markets

    Asian markets closed mixed on Wednesday, with Japan's Nikkei 225 gaining 0.30%, Hong Kong's Hang Seng dipping 1.27% and China's Shanghai Composite declining 1.76%.

    Economics

    The volume of mortgage applications declined by 0.5% from the previous week in the third week of August, following a 1.4% decline in the prior month.

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    Photo via Shutterstock