STTK - Crude Oil Gains 1.5%; Blackboxstocks Shares Plummet | Benzinga
U.S. stocks traded higher midway through trading, following the release of PPI data on Wednesday.
The Dow traded up 0.06% to 36,598.24 while the NASDAQ rose 0.23% to 14,566.43. The S&P 500 also rose, gaining, 0.20% to 4,653.07.
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Leading and Lagging Sectors
Real estate shares rose by 1% on Wednesday.
In trading on Wednesday, materials shares fell by 0.6%.
Top Headline
Crude oil inventories in the U.S. declined by 4.259 million barrels in the week ending Dec. 8, versus a 4.632 million decline from the prior week.
Equities Trading UP
C4 Therapeutics, Inc. (NASDAQ: CCCC) shares shot up 71% to $3.99 after the company announced data from the CFT7455 Phase 1 trial in relapsed/refractory multiple myeloma. Following the update, Stifel analyst Bradley Canino upgraded C4 Therapeutics from Hold to Buy and raised the price target from $2 to $12.
Shares of Shattuck Labs, Inc. (NASDAQ: STTK) got a boost, surging 91% to $4.0299 after the company announced initial topline dose-expansion data from its ongoing Phase 1A/B clinical trial of SL-172154 in combination ...