WE - Crude Oil Moves Higher; POINT Biopharma Global Shares Jump | Benzinga
U.S. stocks extended losses toward the end of trading, with the S&P 500 falling around 1.5% on Tuesday.
The Dow traded down 1.43% to 32,954.84 while the NASDAQ fell 1.98% to 13,044.24. The S&P 500 also fell, dropping, 1.53% to 4,222.58.
Check This Out: Vivani Medical And 3 Other Stocks Under $2 Insiders Are Buying
Leading and Lagging Sectors
Utilities shares rose by 0.6% on Tuesday.
In trading on Tuesday, consumer discretionary shares dipped by around 2.4%.
Top Headline
The number of job openings increased by 690,000 from the prior month to 9.61 million in August, compared to market estimates of 8.8 million.
Equities Trading UP
Vericity, Inc. (NASDAQ: VERY) shares shot up 86% to $11.02 after iA Financial Group announced it will acquire the company.
Shares of POINT Biopharma Global Inc. (NASDAQ: PNT) got a boost, shooting 85% to $12.40. Eli Lilly And Co (NYSE: LLY) agreed to acquire POINT Biopharma Global at $12.50 per share in cash, an aggregate of approximately $1.4 billion.
ALX Oncology Holdings Inc. (NASDAQ: ALXO) shares were also up, gaining 50% to $7.22 after the company released interim Phase 2 data ...