RAMP - Dow Surges Over 100 Points; M&T Bank Posts Weak Earnings | Benzinga
U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 100 points on Thursday.
The Dow traded up 0.35% to 37,398.50 while the NASDAQ rose 1.16% to 15,027.63. The S&P 500 also rose, gaining, 0.67% to 4,770.73.
Check This Out: Alphabet, Electronic Arts And 2 Other Stocks Insiders Are Selling
Leading and Lagging Sectors
Information technology shares rose by 2% on Thursday.
In trading on Thursday, health care shares dipped by 1.1%.
Top Headline
M&T Bank Corporation (NYSE: MTB) posted weaker-than-expected earnings for its fourth quarter on Thursday.
M&T Bank posted quarterly earnings of $2.81 per share, missing market estimates of $3.49 per share. The company’s quarterly sales came in at $2.30 billion versus expectations of $2.28 billion.
Equities Trading UP
Agrify Corporation (NASDAQ: AGFY) shares shot up 18% to $1.3897 after the company announced it entered into a multi-million dollar sales agreement with Ocean Deep/Golden Lake Business Park.
Shares of M.D.C. Holdings, Inc. (NYSE: MDC) got a boost, surging 18% to $62.83 after the company announced it will be acquired by Sekisui House.
LiveRamp Holdings, Inc. (NYSE: RAMP) shares were also up, gaining 9% to $40.08 after the ...