U.S. stocks attempted to climb out of the negative during early trade on Wednesday, but the Dow Jones and S&P 500 ultimately closed in the red. The Nasdaq, on the other hand, squashed Monday and Tuesday's losses as FAANG stocks--Facebook (NASDAQ: FB), Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN), Netflix (NASDAQ: NFLX) and Alphabet (NASDAQ: GOOGL)--maintained their Wednesday performance spike.
The U.S. 10-year treasury yield reached a new low at Wednesday's close of 1.302%.
Here's how stocks closed for mid-week trading:
S&P 500 Index (NYSE: SPY): -0.38% or -11.75 points to 3,116.46
Dow Jones Industrial Average (NYSE: DIA): -0.46% or -123.50 points to 26,957.86
Nasdaq Composite Index (NASDAQ: QQQ): +0.17% or +15.16 points
In Major Stock News, Moderna (NASDAQ: MRNA) shares have had another surge on Wednesday, increasing more than 22% to hit a new all-time high. Shares of Guardant Health (NASDAQ: GH) also increased on Wednesday after the medical company beat analysts expectations for earnings and revenue. SmileDirectClub (NASDAQ: SDC) dropped another 29% after disappointing fourth quarter results and the company issued weak full year revenue guidance. The stock is currently trading at $8 per share.
In Stock Sector News, only one sector ended Wednesday's trading session in the green, that being Information Technology +0.40%. The rest that ended with performance declines are as follows: Energy -2.97%, Utilities -0.97%, Real Estate -0.88%, Industrials -0.79%, Consumer Discretionary -0.69%, Financials -0.67%, Consumer Staples -0.49%, Materials -0.34%, Communication Services -0.21% and Health Care -0.10%.
Lastly, in Commodity and Currency News, crude oil barrel prices plummeted again on Wednesday, with the West Texas Intermediate (NYSE: USO) dropping -2.89% and Brent Crude (NYSE: BNO) sliding -2.72%. Both oil indicators are hovering around $50 per barrel with WTI currently costing about $49. Gold (NYSE: GLD) saw a modest spike in price, with the yellow metal now costing +0.36% more. Finally, the U.S. Dollar (NYSE: UUP) hit a small come back, with the DXY Index increasing +0.15%.