SONN - Dow Edges Lower; US Current Account Deficit Widens In Q1 | Benzinga
U.S. stocks traded mixed this morning, with the S&P 500 gaining around 0.1% on Thursday.
Following the market opening Thursday, the Dow traded down 0.10% to 38,795.35 while the NASDAQ rose 0.16% to 17,890.82. The S&P 500 also rose, gaining, 0.12% to 5,493.76.
Check This Out: Workday To Rally Over 52%? Here Are 10 Top Analyst Forecasts For Thursday
Leading and Lagging Sectors
Financial shares jumped by 0.6% on Thursday.
In trading on Thursday, communication services shares fell by 0.8%.
Top Headline
The U.S. current account deficit rose by $15.8 billion to $237.6 billion during the first quarter, and versus market estimates of a $206.4 billion gap.
Equities Trading UP
- MGO Global, Inc. (NASDAQ:MGOL) shares shot up 236% to $1.54 after the company said it expects the pending acquisition of Spetner Associates to close in the second half of 2024, projecting it to increase annualized revenue to approximately $28 million.
- Shares of Griid Infrastructure Inc. (NASDAQ:GRDI) got a boost, surging 88% to $1.05 after falling more than 10% on Tuesday.
- Reliance Global Group, Inc. (NASDAQ:RELI) shares were also up, ...