WNW - Dow Falls 50 Points; Weekly Jobless Claims Edge Higher | Benzinga
U.S. stocks traded lower this morning, following the release of economic reports.
Following the market opening Thursday, the Dow traded down 0.15% to 33,078.88 while the NASDAQ fell 0.28% to 13,199.32. The S&P 500 also fell, dropping, 0.20% to 4,255.16.
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Leading and Lagging Sectors
Health care shares rose by 0.7% on Thursday.
In trading on Thursday, energy shares dipped by around 1%.
Top Headline
U.S. initial jobless claims rose by 2,000 to 207,000 in the week ending Sept. 30, versus market estimates of 210,000.
Equities Trading UP
Orchard Therapeutics plc (NASDAQ: ORTX) shares shot up 97% to $15.94 after the company agreed to be acquired by Japan's Kyowa Kirin for $16.00 per ADS in cash plus an additional contingent value right of $1.00 per ADS.
Shares of Meiwu Technology Company Limited (NASDAQ: WNW) got a boost, shooting 99% to $0.1932.
SP Plus Corporation (NASDAQ: SP) shares were also up, gaining 48% to $52.31 after Metropolis Technologies announced it will acquire the company for $1.5 billion.
Equities Trading DOWN
Cambium Networks Corporation (NASDAQ: CMBM) shares dropped 42% to $4.57 after the company announced it expects preliminary third-quarter revenues of between $40-$45 ...