SEEL - Nasdaq Down 100 Points; US Housing Starts Surge In February | Benzinga
U.S. stocks traded mixed this morning, with the Nasdaq Composite falling around 100 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.11% to 38,831.86 while the NASDAQ fell 0.63% to 16,001.30. The S&P 500 also fell, dropping, 0.28% to 5,135.12.
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Leading and Lagging Sectors
Energy shares rose by 0.4% on Tuesday.
In trading on Tuesday, information technology shares fell by 0.8%.
Top Headline
Housing starts in the U.S. surged 10.7% month-over-month to an annualized rate of 1.521 million in February following a 12.3% decline in January.
Equities Trading UP
Ontrak, Inc. (NASDAQ: OTRK) shares shot up 153% to $0.4787 ahead of the company's presentation at the 36th Annual Roth Conference.
Shares of Fusion Pharmaceuticals Inc. (NASDAQ: FUSN) got a boost, surging 97% to $21.00 after the company announced agreed to be acquired by AstraZeneca. Also, Leerink Partners downgraded the stock from Outperform to Market Perform but raised its price target from $17 to $21.