TSM - Crude Oil Rises Over 1%; Processa Pharmaceuticals Shares Slide | Benzinga
U.S. stocks traded mostly higher midway through trading, with the Nasdaq Composite gaining more than 1% on Thursday.
The Dow traded down 0.02% to 37,257.79 while the NASDAQ rose 1.19% to 15,032.26. The S&P 500 also rose, gaining, 0.49% to 4,762.36.
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Leading and Lagging Sectors
Information technology shares rose by 2% on Thursday.
In trading on Thursday, health care shares dipped by 1.1%.
Top Headline
The EIA said crude oil inventories in the U.S. declined by 2.492 million barrels in the week ending Jan. 12, 2024, compared to market estimates of a 0.313 million-barrel decline.
Equities Trading UP
Agrify Corporation (NASDAQ: AGFY) shares shot up 34% to $1.5802 after the company announced it entered into a multi-million dollar sales agreement with Ocean Deep/Golden Lake Business Park.
Shares of M.D.C. Holdings, Inc. (NYSE: MDC) got a boost, surging 18% to $62.79 after the company announced it will be acquired by Sekisui House.
Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) shares were also up, gaining 8% to $111.64 after the company reported better-than-expected ...