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



The Dow traded down 0.24% to 49,638.96 while the NASDAQ gained 1.18% to 26,395.66. The S&amp;P 500 also rose, gaining, 0.60% to 7,445.55.



Leading and Lagging Sectors



Communication services shares jumped by 1.6% on Wednesday.



In trading on Wednesday, utilities stocks fell by 1.4%.



Top Headline



Alibaba Group Holding Ltd. (NYSE:BABA) shares gained around 6% on Wednesday after the e-commerce and cloud-computing company reported mixed fiscal fourth-quarter 2026 results.



The company reported quarterly revenue of $35.28 billion, up 3% from a year earlier and slightly ahead of analyst estimates of $35.23 billion. Excluding the divested Sun Art and Intime businesses, revenue increased 11% on a like-for-like basis.



Adjusted earnings per American Depositary Share came in at 9 cents, missing analyst expectations of $1.12.



Equities Trading UP            



<ul>
<li>Velo3D Inc (NASDAQ:VELO) shares shot up 47% to $20.66 after the company reported better-than-expected first-quarter financial results.</li>



<li>Shares of C4 Therapeutics, Inc (NASDAQ:CCCC) got a boost, surging 22% to $3.88 following upbeat quarterly results.</li>



<li>Tower Semiconductor Ltd (NASDAQ:TSEM) shares were also up, gaining 12% to $246.84 after the company reported better-than-expected first-quarter financial results and issued second-quarter sales guidance with its midpoint above estimates. Also, the company announced it signed a silicon photonics contract for $1.3 billion.</li>
</ul>



Equities Trading DOWN



<ul>
<li>Wix.Com Ltd (NASDAQ:WIX) shares dropped 30% to $53.31 after the company reported worse-than-expected first-quarter financial results.</li>



<li>Shares of National Vision Holdings Inc (NASDAQ:EYE) were down 25% to $15.77 after the company reported mixed first-quarter financial results.</li>



<li>TriSalus Life Sciences, Inc. (NASDAQ:TLSI) was down, falling 48% to $2.38 after the company reported mixed first-quarter financial results and cut its FY26 sales guidance below estimates.</li>
</ul>



Commodities In commodity news, oil traded up 0.2% to $102.37 while gold traded up 0.4% at $4,705.70.



Silver traded up 4.4% to $89.390 on Wednesday, while copper rose 2.4% to $6.6880.



Euro zone



European shares were higher today. The eurozone's STOXX 600 rose 0.65%, while Spain's IBEX 35 Index rose 0.25%. London's FTSE 100 rose 0.3%, Germany's DAX rose 0.61%, while France's CAC 40 gained 0.23%.



Asia Pacific Markets



Asian markets closed higher on Wednesday, with Japan's Nikkei 225 gaining 0.84%, Hong Kong's Hang Seng Index gaining 0.15%, China's Shanghai Composite gaining 0.67% and India's BSE Sensex rising 0.07%



Economics



<ul>
<li>U.S. producer prices rose 1.4% month-over-month in April, recording the biggest gain since March 2022, compared to a revised 0.7% rise in March and higher than market estimates of 0.5%.</li>



<li>U.S. mortgage applications climbed by 1.7% from the previous week during the first week of May.</li>
</ul>



Photo via Shutterstock

VLDXD

VELO

BABA

U.S. stocks showed mixed results with the Nasdaq up 1.18%, while the Dow fell 0.24%. Alibaba shares rose 6% after reporting mixed Q4 results, with revenue slightly above estimates but earnings missing expectations. Velo3D shares surged 47% following strong financial results, while Wix.com and National Vision saw significant declines of 30% and 25%, respectively. Commodities saw slight increases, and European and Asian markets closed higher. U.S. producer prices rose 1.4% month-over-month, exceeding expectations.

- U.S. stocks showed mixed performance, with the Nasdaq Composite increasing by 1.18%, while the Dow fell by 0.24%.  
- Alibaba's shares rose 6% after reporting a slight revenue increase to $35.28 billion, although adjusted earnings missed expectations.  
- In commodities, oil and silver prices rose, and U.S. producer prices jumped 1.4% in April, reflecting the largest monthly gain since March 2022.

Nasdaq Surges Over 1%; Alibaba Shares Gain After Q4 Results