WE - Dow Gains Over 100 Points; Fed Leaves Interest Rates Unchanged | Benzinga
U.S. stocks traded higher toward the end of trading, after the Federal Reserve announced its policy decision.
The Dow traded up 0.40% to 33,185.41 while the NASDAQ rose 0.92% to 12,969.54. The S&P 500 also rose, gaining, 0.67% to 4,221.94.
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Leading and Lagging Sectors
Information technology shares jumped by 1.2% on Wednesday.
In trading on Wednesday, materials shares fell by 0.6%.
Top Headline
The Federal Reserve opted to maintain interest rates at the range of 5.25% to 5.5% during its November meeting, as widely anticipated by the market.
Equities Trading UP
Cellectis S.A. (NASDAQ: CLLS) shares shot up 194% to $2.8335. Cellectis reported strategic collaboration and investment agreements with AstraZeneca. Cellectis also presented pre-clinical data on multi-armored allogeneic MUC1-CAR T-cells targeting triple-negative breast cancer at the Society for Immunotherapy of Cancer 38th Annual Meeting.
Shares of Patriot Transportation Holding, Inc. (NASDAQ: PATI) got a boost, shooting 103% to $15.59. Patriot Transportation announced an agreement under which United Petroleum Transports will acquire all of the outstanding shares of Patriot common stock for $16.26 per share in cash.
TG Therapeutics, Inc. (NASDAQ: TGTX) shares were also up, gaining 32% to $10.18 following ...