US stocks traded slightly higher this morning, with the Dow Jones up more than 50 points on Wednesday.

The Dow was up 0.17% to 31,199.56, while the NASDAQ was up 0.37% to 11,588.01. The S&P 500 was also up 0.21% to 3,916.30.

Also Check This: The Fear & Greed Index remains in the “fear” zone as US stocks fall

Leading and lagging sectors

Utilities shares rose 1.9% on Tuesday. Meanwhile top winner in the sector included Azure Power Global Limited AZREup to 19% and Sunnova Energy International Inc. NOVA up 4%.

In Tuesday trading, energy stocks fell 2.2%.

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The trade deficit narrowed by $10.2 billion in July to a nine-month low of $70.7 billion. Exports from the US rose 0.2% month-on-month to $259.3 billion, while imports fell 2.9% to $329.9 billion.

Stock trading UP

• Quoin Pharmaceuticals, Ltd. QNRX The stock rose 50% to $4.9696 after Alliance Global Partners began reporting on the stock with a buy rating and a price target of $20.
• shares of Sidus Space, Inc. HOW got a boost, rising 30% to $3.46 after the company announced it had signed a launch agreement with SpaceX for five launches beginning in early 2023.
• Azure Power Global Limited AZRE Shares were also higher, gaining 18% to $4.23. Azure Power Global recently announced the resignation of Harsh Shah as CEO.

Stocks are trading down

• First Wave BioPharma, Inc. FWBI Shares fell 25% to $3.15 after rising around 33% on Tuesday. First Wave BioPharma recently announced a 1:30 reverse stock split.
• shares of Presidio Property Trust, Inc. SQFT declined 16% to $1.7379. Presidio Property Trust recently announced a Q3 dividend and introduced a variable dividend policy.
• UiPath Inc. AWAY was down, falling 15% to $13.16 after the company released sales forecasts for Q3 and FY23 below analysts’ estimates.

Also check out: ADT, Manchester United and other big winners as of Tuesday

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On commodities news, oil traded up 4.3% to $83.18, while gold was up 0.1%.