Dow Jones Rallies; Cathie Wood’s Top Pick Surges On Earnings Beat

Major indexes rose in early trades Wednesday amid more earnings news. The Dow Jones Industrial Average held a 0.4% gain while the S&P 500 rose 0.7%. The Nasdaq led with a 0.8% gain on the stock market today. Meanwhile, a holding in Cathie Wood’s Ark Invest portfolio surged after the company beat analyst estimates and raised its sales outlook. X Volume on the New York Stock Exchange tracked higher but was lower on the Nasdaq compared with the same time on Tuesday. Still, breadth was a concern as decliners outnumbered advancers by less than 2 to 1. Small caps fell…