QDEL - Dow Edges Higher; QuidelOrtho Shares Plummet | Benzinga
U.S. stocks traded mostly higher toward the end of trading, with the Nasdaq Composite gaining around 100 points on Wednesday.
The Dow traded up 0.11% to 38,313.27 while the NASDAQ rose 0.70% to 15,765.18. The S&P 500 also rose, gaining, 0.49% to 4,977.43.
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Leading and Lagging Sectors
Industrials shares rose by 1.1% on Wednesday.
In trading on Wednesday, consumer staples shares fell by 0.6%.
Top Headline
Crude oil inventories in the U.S. surged by 12.018 million barrels in the week ending Feb. 9, compared to market estimates of a 2.56 million rise.
Equities Trading UP
enGene Holdings Inc. (NASDAQ: ENGN) shares shot up 83% to $13.95. The company’s CEO Jason Hanson is resigning due to personal family and health reasons, though he will continue to support the company as a strategic advisor after a successor is appointed. Concurrently, enGene announced a private placement of 20 million common shares at $10.00 per share, representing a 31% premium over the previous day’s closing price.