UPTD - Dow Jumps Over 200 Points; US Producer Prices Rise In August | Benzinga
U.S. stocks traded higher this morning, following the release of PPI data.
Following the market opening Thursday, the Dow traded up 0.71% to 34,820.58 while the NASDAQ rose 0.27% to 13,849.49. The S&P 500, also rose, gaining, 0.53% to 4,491.20.
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Leading and Lagging Sectors
Energy shares jumped by 1.4% on Thursday.
In trading on Thursday, consumer discretionary shares fell by 0.1%.
Top Headline
Producer prices in the U.S. rose by 0.7% in August 2023, higher than market expectations for a 0.4% increase.
Equities Trading UP
First Wave BioPharma, Inc. (NASDAQ: FWBI) shares shot up 105% to $0.8931 after the company announced license agreement for capeserod from Sanofi.
Shares of PFSweb, Inc. (NASDAQ: PFSW) got a boost, shooting 48% to $7.42 after GXO Logistics announced it will acquire the company.
TradeUP Acquisition Corp. (NASDAQ: UPTD) shares were also up, gaining 30% to $9.88.
Equities Trading DOWN
Sezzle Inc. (NASDAQ: SEZL) shares ...