VNDA - Crude Oil Moves Higher; ISM Services PMI Falls In March | Benzinga
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining over 0.5% on Wednesday.
The Dow traded up 0.18% to 39,241.00 while the NASDAQ rose 0.55% to 16,329.45. The S&P 500 also rose, gaining, 0.39% to 5,226.17.
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Leading and Lagging Sectors
Industrials shares jumped by 0.8% on Wednesday.
In trading on Wednesday, consumer staples shares fell by 0.9%.
Top Headline
The ISM services PMI declined to 51.4 in March compared to February’s reading of 52.6 and compared to market estimates of 52.7.
Equities Trading UP
Kintara Therapeutics, Inc. (NASDAQ: KTRA) shares shot up 43% to $0.1438 after the company entered a merger agreement with TuHURA Biosciences.
Shares of ARCA biopharma, Inc. (NASDAQ: ABIO) got a boost, surging 79% to $3.0550 after the company and Oruka Therapeutics announced a merger agreement.
Vanda Pharmaceuticals Inc. (NASDAQ: VNDA) shares were also up, gaining 41% to $5.51 after the company's Fanapt received FDA approval for the acute treatment of bipolar I disorder.
Equities Trading DOWN
Casa Systems, Inc. (NASDAQ: CASA) shares dropped 79% to $0.0549 after the Company filed voluntary petitions ...