MOR - Dow Surges 100 Points; Cogent Biosciences Shares Plunge | Benzinga
U.S. stocks traded mixed midway through trading, with the Dow Jones index gaining more than 100 points on Monday.
The Dow traded up 0.28% to 36,349.22 while the NASDAQ fell 0.36% to 14,352.34. The S&P 500 also rose, gaining, 0.06% to 4,607.02.
Leading and Lagging Sectors
Industrials shares rose by 0.9% on Monday.
In trading on Monday, communication services shares fell by 1.6%.
Top Headline
An investor consortium has tabled a $5.8 billion bid to acquire Macy's Inc. (NYSE: M), in an attempt to privatize the iconic department store chain.
This comes as Macy's grapples with mounting competition from digital retailers, which has significantly eroded its market value.
Equities Trading UP
Pasithea Therapeutics Corp. (NASDAQ: KTTA) shares shot up 114% to $0.6527 after the company announced preclinical results from two in vivo studies evaluating the antitumor efficacy ...