STTK - Dow Jumps Over 200 Points; Federal Reserve Holds Interest Rates Steady | Benzinga
U.S. stocks traded higher toward the end of trading, after the Federal Reserve announced its policy decision on Wednesday.
The Dow traded up 0.58% to 36,789.77 while the NASDAQ rose 0.63% to 14,624.74. The S&P 500 also rose, gaining, 0.62% to 4,672.48.
Check This Out: Jim Cramer Likes This Industrial Stock: 'It's Got A Terrific Aerospace Business'
Leading and Lagging Sectors
Utilities shares rose by 1.2% on Wednesday.
In trading on Wednesday, materials shares fell by 0.8%.
Top Headline
The U.S. Federal Reserve announced its decision to maintain the federal funds rate target range at 5.25%-5.5% on Wednesday.
Equities Trading UP
C4 Therapeutics, Inc. (NASDAQ: CCCC) shares shot up 85% to $4.33 after the company announced data from the CFT7455 Phase 1 trial in relapsed/refractory multiple myeloma. Following the update, Stifel analyst Bradley Canino upgraded C4 Therapeutics from Hold to Buy and raised the price target from $2 to $12.
Shares of Shattuck Labs, Inc. (NASDAQ: STTK) got a boost, surging 100% to $4.23 after the company announced initial topline dose-expansion data from its ongoing Phase 1A/B clinical trial of SL-172154 in combination with AZA in frontline HR-MDS and TP53m AML ...