PALI - Dow Dips 200 Points; ISM Services PMI Rises In August | Benzinga
U.S. stocks traded lower midway through trading, with the Dow Jones falling around 200 points on Wednesday.
The Dow traded down 0.57% to 34,442.83 while the NASDAQ fell 1.03% to 13,876.12. The S&P 500, also fell, dropping, 0.76% to 4,462.43.
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Leading and Lagging Sectors
Utilities shares jumped by 0.2% on Wednesday.
In trading on Wednesday, information technology shares fell by 1.4%.
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The ISM services PMI rose to 54.5 in August, signalling the strongest growth in the services activity in six months, up from July’s reading of 52.7.
Equities Trading UP
Palisade Bio, Inc. (NASDAQ: PALI) shares shot up 124% to $1.5477. Palisade Bio transformed GI-focused pipeline through exclusive worldwide licensing agreement with Giiant Pharma, Inc. for multiple oral drug candidates targeting inflammatory bowel disease.
Shares of FOXO Technologies Inc. (NYSE: FOXO) got a boost, shooting 28% to $0.1831 after the company's FOXO LIFE subsidiary announced an agreement with Atrio, expanding its distribution through Atrio/Singular's sales network.
Marin Software Incorporated (NASDAQ: MRIN) shares were also up, gaining 51% to $0.6496 after the company reported HubSpot integration.
Equities Trading DOWN
EZGO Technologies Ltd. (NASDAQ: EZGO) shares dropped 76% to $0.4296 after the company reported pricing of $10 million registered direct offering.
Shares of Akoustis Technologies, ...