VSTM - Dow Surges 50 Points; US Durable Goods Orders Increase In April | Benzinga
U.S. stocks traded higher this morning, with the Dow Jones index gaining around 50 points on Friday.
Following the market opening Friday, the Dow traded up 0.14% to 39,121.86 while the NASDAQ rose 0.39% to 16,801.18. The S&P 500 also rose, gaining, 0.35% to 5,286.08.
Check This Out: Top 3 Health Care Stocks That May Crash In May
Leading and Lagging Sectors
Communication services shares jumped by 0.7% on Friday.
In trading on Friday, health care shares rose by just 0.1%.
Top Headline
U.S. durable goods orders increased by 0.7% month-over-month in April compared to a revised 0.8% gain in March. However, markets were expecting for a 0.8% decrease.
Equities Trading UP
- Akanda Corp. (NASDAQ:AKAN) shares shot up 103% to $4.8598. The international medical cannabis company implemented a 1-for-40 reverse stock split on its ordinary shares effective May 23, 2024, according to a recent exchange filing.
- Shares of Netcapital Inc. (NASDAQ:NCPL) got a boost, surging 63% to $0.2836 after jumping 15% on Thursday.
- Better ...