U.S. stocks turned lower midway through trading, with the Dow Jones dropping more than 150 points on Wednesday. Investors are awaiting minutes from the recent Federal Reserve meeting.
The Dow traded down 0.52% to 30,807.67 while the NASDAQ fell 0.33% to 11,285.17. The S&P also fell, dropping, 0.45% to 3,814.14.
Also check this: Markets Looking For Recession-Related Comments From Fed, Here's The Major Macro Issues For Wednesday
Leading and Lagging Sectors
Information technology shares rose by 0.3% on Wednesday. Meanwhile, top gainers in the sector included Aviat Networks, Inc. (NASDAQ: AVNW ), up 6% and Latch, Inc. (NASDAQ: LTCH ) up 5%.
In trading on Wednesday, energy shares dipped by 4.5%.
Top Headline
Amazon.com Inc (NASDAQ: AMZN ) agreed to acquire a 2% stake in Just Eat Takeaway.com N.V.'s (OTC: JTKWY ) struggling U.S. meal delivery business Grubhub and offer its Prime members access to the service for a year.
Equities Trading UP
Resolute Forest Products Inc. (NYSE: RFP ) shares shot up 64% to $20.45 after The Paper Excellence Group announced an agreement to acquire the company.
Shares of SCWorx Corp. (NASDAQ: WORX ) got a boost, shooting 31% to $0.8120 after the company announced a common stock purchase agreement with an institutional investor for up to $5 million.
Inspira ...
Full story available on Benzinga.com