US Stocks Mixed; Dow Falls 300 Points

U.S. stocks traded mixed this morning, with the Dow Jones falling around 300 points on Wednesday.

Following the market opening Wednesday, the Dow traded down 0.63% to 47,408.02 while the NASDAQ rose 0.32% to 22,769.52. The S&P 500 also rose, gaining, 0.02% to 6,782.91.

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Leading and Lagging Sectors

Energy shares rose by 0.8% on Wednesday.

In trading on Wednesday, materials stocks dipped by 1.4%.

Top Headline

Campbell’s Co (NASDAQ:CPB) reported worse-than-expected second-quarter financial results and lowered its FY26 adjusted EPS guidance below estimates.

Campbell’s reported quarterly earnings of 51 cents per share which missed the analyst consensus estimate of 57 cents per share. The company reported quarterly sales of $2.564 billion which missed the analyst consensus estimate of $2.610 billion.

Equities Trading UP
           

• Commercial Vehicle Group, Inc. (NASDAQ:CVGI) shares shot up 68% to $2.72 after the company reported better-than-expected fourth-quarter sales results. Also, the company issued FY2026 sales guidance above estimates.
• Shares of KALA BIO Inc (NASDAQ:KALA) got a boost, surging 47% to $0.43 after the company announced that its first commercial healthcare AI product will be ready to ship in approximately 14 days.
• Actelis Networks Inc (NASDAQ:ASNS) shares were also up, gaining 42% to $0.54 after the company announced an order from the Japanese government for its MetaLight networking solutions for critical civil and defense infrastructure modernization.

Equities Trading DOWN

• Nauticus Robotics Inc (NASDAQ:KITT) shares dropped 28% to $0.74 after the company announced the issuance of a $1 million convertible note due 2026 at a conversion price of $0.5942 per share.
• Shares of eLong Power Holding Ltd (NASDAQ:ELPW) were down 19% to $0.052.
• Kosmos Energy Ltd (NYSE:KOS) was down, falling 20% to $1.93 after the company announced a $185.25 million offering of 97.5 million shares of common stock at $1.90 per share.

Commodities

In commodity news, oil traded up 2.4% to $85.43 while gold traded down 1.3% at $5,174.00.

Silver traded down 4.8% to $85.320 on Wednesday, while copper fell 1.5% to $5.8650.

Euro zone

European shares were lower today. The eurozone's STOXX 600 fell 0.7%, while Spain's IBEX 35 Index fell 0.5%. London's FTSE 100 fell 0.8%, Germany's DAX fell 1.2% and France's CAC 40 slipped 0.5% during the session.

Asia Pacific Markets

Asian markets closed mixed on Wednesday, with Japan's Nikkei 225 gaining 1.43%, Hong Kong's Hang Seng index falling 0.24%, China's Shanghai Composite rising 0.25% and India's BSE Sensex dipping 1.72%.

Economics

• The U.S. consumer price index increased by 0.3% from the previous month in February, compared to a 0.2% rise in the prior month and in-line with market expectations.
• The annual inflation rate came in steady at 2.4% in February, unchanged from the prior month.
• The volume of mortgage applications surged by 3.2% from the previous week during the first week of March.

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