TDUP - Nasdaq Down 250 Points; ISM Services PMI Falls In February | Benzinga
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 250 points on Tuesday.
The Dow traded down 0.64% to 38,741.00 while the NASDAQ fell 1.64% to 15,942.27. The S&P 500 also fell, dropping, 0.85% to 5,087.09.
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Leading and Lagging Sectors
Utilities shares rose by 1.2% on Tuesday.
In trading on Tuesday, information technology shares fell by 2.2%.
Top Headline
The ISM services PMI declined to 52.6 in February versus a four-month high level of 53.4 in January and down from market estimates of 53.
Equities Trading UP
Dave Inc. (NASDAQ: DAVE) shares shot up 47% to $32.27 after the company reported a year-over-year increase in fourth-quarter revenue results.
Shares of Airship AI Holdings, Inc. (NASDAQ: AISP) got a boost, surging 104% to $3.3650 after the company announced that it has been awarded a contract with the Department of Justice for its Acropolis Enterprise Sensor Management video and data management platform.
Apogee Therapeutics, Inc. (NASDAQ: APGE) shares were also up, gaining 42% to $59.23 after the company announced interim results from its Phase 1 healthy volunteer trial for APG777. Also, the ...