U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 1% on Wednesday.

The Dow traded up 0.30% to 44,242.05 while the NASDAQ gained 1.03% to 21,132.45. The S&P 500 also rose, gaining, 0.72% to 6,344.65.

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Leading and Lagging SectorsConsumer staples shares jumped by 1.3% on Wednesday.

In trading on Wednesday, health care stocks fell by 0.8%.

Top Headline

Uber Technologies (NYSE:UBER) reported better-than-expected fiscal second-quarter 2025 results on Wednesday.

The company reported a quarterly revenue growth of 18% year-on-year to $12.65 billion, beating the analyst consensus estimate of $12.46 billion.

Uber reported adjusted EPS of 63 cents, which beat the analyst consensus estimate of 62 cents.

Equities Trading UP           

• Astera Labs, Inc. (NASDAQ:ALAB) shares shot up 31% to $176.52 after the company reported better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.
• Shares of Ainos, Inc. (NASDAQ:AIMD) got a boost, surging 54% to $3.58 after the company announced it secured a three-year subscription.
• LivePerson, Inc. (NYSE:LPSN) shares were also up, gaining 38% to $1.2250 after the company announced it expanded its partnership with Google Cloud to integrate its AI capabilities directly into the LivePerson Connected Experience Platform.

Equities Trading DOWN

• Fractyl Health, Inc. (NASDAQ:GUTS) shares dropped 47% to $0.9997 after the company announced a proposed public offering.
• Shares of LifeMD, Inc. (NASDAQ:LFMD) were down 43% to $6.75 after the company reported worse-than-expected second-quarter EPS and sales and issued weak third-quarter sales guidance.
• Lantheus Holdings, Inc. (NASDAQ:LNTH) was down, falling 33% to $48.73 after the company lowered FY2025 adjusted EPS and sales guidance below estimates.

CommoditiesIn commodity news, oil traded down 0.2% to $65.06 while gold traded down 0.1% at $3,432.10.

Silver traded up 0.3% to $37.93 on Wednesday, while copper rose 0.4% to $4.4020.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 fell 0.17%, while Spain's IBEX 35 Index gained 0.76%. London's FTSE 100 rose 0.30%, Germany's DAX 40 gained 0.13% and France's CAC 40 rose 0.05% during the session.

Asia Pacific Markets

Asian markets closed mostly higher on Wednesday, with Japan's Nikkei 225 gaining 0.60%, Hong Kong's Hang Seng gaining 0.03%, China's Shanghai Composite gaining 0.45% and India's BSE Sensex falling 0.21%.

Economics

• The volume of mortgage applications in the US increased by 3.1% from the previous week during the final week of July, compared to a 3.8% decline from the prior period.
• Crude oil inventories in the U.S. declined by 3.029 million barrels in the week ended Aug. 1, compared to market estimates of a 1.1 million decline.

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