KURA - Dow Edges Lower; US Composite PMI Rises In January | Benzinga
U.S. stocks traded mixed toward the end of trading, with the Dow Jones index turning lower on Wednesday.
The Dow traded down 0.05% to 37,886.62 while the NASDAQ rose 0.59% to 15,517.32. The S&P 500 also rose, gaining, 0.29% to 4,878.52.
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Leading and Lagging Sectors
Communication services shares rose by 1.7% on Wednesday.
In trading on Wednesday, utilities shares fell by 0.8%.
Top Headline
The S&P Global US services PMI rose to a seven-month high level of 52.9 in January, while manufacturing PMI surged to 50.3 in January from 47.9 in the prior month.
The S&P Global composite PMI rose to 52.3 in January, compared to previous month's level of 50.9.
Equities Trading UP
Getaround, Inc. (NYSE: GETR) shares shot up 161% to $0.4794 after the company announced it secured $20 million in financing.
Shares of Evaxion Biotech A/S (NASDAQ: EVAX) got a boost, surging 127% to $11.33 after a 13G filing showed Merck & Co reported an 11.4% stake in the company as of Dec. 21, 2023.
Kura Oncology, Inc. (NASDAQ: KURA) shares were also up, gaining 46% to $19.58 after the company announced an oversubscribed ...