IOVA - Gold Gains 1%; Richmond Fed Manufacturing Index Falls In December | Benzinga
U.S. stocks traded higher midway through trading, with the Dow Jones index gaining around 80 points on Wednesday.
The Dow traded up 0.22% to 37,626.76 while the NASDAQ rose 0.06% to 15,084.02. The S&P 500 also rose, gaining, 0.06% to 4,777.57.
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Leading and Lagging Sectors
Consumer discretionary shares jumped by 0.3% on Wednesday.
In trading on Wednesday, information technology shares fell by 0.4%.
Top Headline
The Manufacturing Activity Index in the Richmond area fell to -11 in December, recording the lowest reading in ten months and versus a reading of -5 in the prior month.
Equities Trading UP
First Wave BioPharma, Inc. (NASDAQ: FWBI) shares shot up 153% to $9.30 after the company announced that it entered a non-binding term sheet to sell its Niclosamide program for the treatment of inflammatory bowel diseases.
Shares of Cytokinetics, Incorporated (NASDAQ: CYTK) got a boost, surging 71% to $78.12 after the company announced ...