NVOS - Nasdaq Down 1.5%; Gap Shares Spike Higher | Benzinga
U.S. stocks traded mostly lower midway through trading, with the Nasdaq Composite falling around 1.5% on Friday.
The Dow traded up 0.09% to 38,144.50 while the NASDAQ dipped 1.53% to 16,480.34. The S&P 500 also rose, gaining, 0.69% to 5,199.39.
Check This Out: Cirrus Logic, Texas Roadhouse And 2 Other Stocks Insiders Are Selling
Leading and Lagging Sectors
Real estate shares rose by 1.1% on Friday.
In trading on Friday, information technology shares fell by 1.3%.
Top Headline
The Federal Reserve's preferred inflation measure held steady in April, aligning with economist expectations, yet keeping investors anxious about potential rate cuts.
The headline PCE inflation rate held steady at 2.7% year-on-year in April 2024, matching economist expectations, according to Econoday data.
Equities Trading UP
- Novo Integrated Sciences, Inc. (NASDAQ:NVOS) shares shot up 142% to $1.0875 after the company approved a $5 million stock repurchase. The company’s board is conducting a review to determine whether it is appropriate to increase the amount under the repurchase program.
- Shares of Ambarella, Inc. (NASDAQ:AMBA) got a boost, surging 17% to $56.58 following strong first-quarter earnings and upbeat second-quarter guidance.
- The Gap, Inc. (NYSE:GPS) shares were also up, gaining ...