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U.S. Indexes Declined Wednesday; Rivian Automotive Took Biggest Hit

U.S. stock indexes declined Wednesday with the


NASDAQ Composite Index

dropping 0.59%. Meanwhile, the


S&P 500 Index

declined 0.56%, and the


Dow

fell 0.25%.

Among companies with at least $10 billion in market value,

Rivian Automotive Inc. Cl A

(RIVN) posted the largest decline during the session, declining 5.95%, followed by

Grab Holdings Ltd.

(GRAB) shares, which fell 5.50%. Shares of

XPO Inc.

(XPO) fell 4.99%.

Nutanix Inc. Cl A

(NTNX), was the biggest leader, gaining 4.78%, and

DraftKings Inc. Cl A

(DKNG) gained 4.19%.

Johnson Controls International PLC

(JCI) rounded out the top three leaders on Wednesday, with shares rising 3.49%.

In commodities news,

Brent crude oil futures

were up 0.28%, while

gold futures

were down 1.05%.


Bitcoin

was down 1.82% to $42,657.

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The

10-Year Treasury yield

rose to 4.102%.

Stock indexes in Asia were down, with Japan’s


NIKKEI 225 Index

dropping 0.40% and China’s


Shanghai Composite Index

falling 2.09%.

In Europe, indexes fell, with the


STOXX Europe 600 Index

falling 1.13% and the


FTSE 100 Index

falling 1.48% from the previous close.

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U.S. stock markets close for trading at 4 p.m. ET. For regular updates on the trading day, visit Barron’s.


Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.



This article was originally published by a www.barrons.com . Read the Original article here. .

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