Stocks finished higher Wednesday, with the Nasdaq and the S&P 500 both reaching intraday and closing highs.
Private companies in the U.S. added fewer jobs in August than expected. The private sector jobs report from ADP is a precursor to the official U.S. jobs report for August that will be released on Friday.
Here are some of the top gainers for Wednesday:
1. Brown-Forman | Percentage Increase Over 9%
Brown-Forman (BF.A) - Get Report was climbing after the parent of Jack Daniels beat Wall Street's first-quarter earnings expectations, while gross margin contracted as price/mix decreased. Sales slipped 2% to $753 million, but were above the FactSet consensus of $691.2 million.
2. Flying Eagle | Percentage Increase Over 27%
Shares of Flying Eagle FEAC climbed after the Los Angeles blank check company agreed to take mobile gaming company Skillz public. The deal would value Skillz at $3.5 billion. After the deal closes, Skillz said, it expects to have about $250 million of cash and equivalents on its balance sheet.
3. SmileDirectClub | Percentage Increase Over 24%
SmileDirectClub (SDC) - Get Report advanced following news that David Katzman, chairman and CEO of the Nashville teledentistry platform, had acquired 12.78 million shares at $7.63 to $8.25 each. The company also scrapped plans to build a $37 million manufacturing plant in Kyle, Texas.
4. Vera Bradley | Percentage Increase Over 31%
Vera Bradley (VRA) - Get Report shares jumped after the company reported a surprise second-quarter profit as the handbag and accessories retailer thrived during the pandemic. E-commerce was a larger share of total revenue, thanks in part to the company's acquisition of digital-native brand Pura Vida.
5. InMode Ltd. | Percentage Increase Over 15%
InMode (INMD) - Get Report shares climbed after the Israeli medical device company said its board had approved a buyback of as many as 1 million ordinary shares. The company said in a statement that it expected increased demand for its minimally invasive and hands-free platforms.