SEEL - Gold Moves Higher; Fed Leaves Key Overnight Interest Rate Unchanged | Benzinga
U.S. stocks traded mostly higher toward the end of trading, with the Dow Jones gaining around 200 points on Wednesday.
The Dow traded up 0.59% to 34,720.69 while the NASDAQ fell 0.07% to 13,668.37. The S&P 500 also rose, gaining, 0.17% to 4,451.42.
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Leading and Lagging Sectors
Real estate shares jumped by 0.6% on Wednesday.
In trading on Wednesday, communication services shares fell by 1%.
Top Headline
The U.S. Federal Reserve left key overnight interest rate unchanged at 5.25-5.50% and sees one more 25-basis-point rate hike by the end of the year.
Equities Trading UP
Steelcase Inc. (NYSE: SCS) shares shot up 23% to $10.84. Steelcase reported better-than-expected results for its second quarter.
Shares of Cambridge Bancorp (NASDAQ: CATC) got a boost, shooting 26% to $61.06 after the company announced it entered into a definitive agreement to merge with Eastern Bankshares.
Fresh Tracks Therapeutics, Inc. (NASDAQ: FRTX) shares were also up, gaining 55% to $0.90 after the company announced its Board of Directors has approved a plan of liquidation and dissolution.
Equities Trading DOWN
Seelos Therapeutics, Inc. (NASDAQ: SEEL) shares dropped 71% to $0.2934 after the company announced its SLS-002 Phase II study did ...