WKME - Gold Gains 1%; ISM Services PMI Surges In May | Benzinga
U.S. stocks traded higher midway through trading, with the Nasdaq Composite surging over 1% on Wednesday.
The Dow traded up 0.04% to 38,728.39 while the NASDAQ rose 1.21% to 17,060.58. The S&P 500 also rose, gaining, 0.59% to 5,322.59.
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Leading and Lagging Sectors
Information technology shares rose by 1.6% on Wednesday.
In trading on Wednesday, energy shares fell by 0.6%.
Top Headline
The ISM services PMI climbed to 53.8 in May, notching the highest level in nine months, and topping market expectations of 50.8.
Equities Trading UP
- Actelis Networks, Inc. (NASDAQ:ASNS) shares shot up 655% to $3.55 after the company announced orders for cyber-hardened networking technology to be deployed at three US military bases.
- Shares of Moving iMage Technologies, Inc. (NASDAQ:MITQ) got a boost, surging 64% to $1.15 after the company was awarded a multi-million dollar contract.
- WalkMe Ltd. (NASDAQ:WKME) shares were also up, gaining 42% to $13.72 after the company announced it entered into a definitive agreement to be acquired by SAP.
Equities Trading DOWN
- Silo Pharma, Inc. (NASDAQ:SILO) shares dropped 31% to $1.56 ...