TCN - Dow Jumps 150 Points; US Consumer Sentiment Surges In January | Benzinga
U.S. stocks traded higher midway through trading, with the Dow Jones index gaining around 150 points on Friday.
The Dow traded up 0.41% to 37,621.27 while the NASDAQ rose 0.66% to 15,154.43. The S&P 500 also rose, gaining, 0.46% to 4,803.12.
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Leading and Lagging Sectors
Information technology shares rose by 1.1% on Friday.
In trading on Friday, materials shares fell by 0.5%.
Top Headline
The University of Michigan's consumer sentiment jumped to 78.8 in January, notching the highest level since July 2021, up from 69.7 in December and versus market estimates of 70, according to preliminary estimates.
Equities Trading UP
Kaman Corporation (NASDAQ: KAMN) shares shot up 101% to $45.15 after the company announced it will be acquired by Arcline for $1.8 billion.
Shares of Processa Pharmaceuticals, Inc. (NASDAQ: PCSA) got a boost, surging 20% to $0.2434 after the company announced the expansion of the NGC-Cap program into advanced or metastatic breast cancer.
Tricon Residential Inc. (NYSE: TCN) shares were also up, gaining ...