RFIL - Nasdaq Down Over 1%; US Industrial Output Rises In August | Benzinga
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 1% points on Friday.
The Dow traded down 0.52% to 34,727.05 while the NASDAQ fell 1.31% to 13,743.78. The S&P 500, also fell, dropping, 0.85% to 4,466.86.
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Leading and Lagging Sectors
Utilities shares rose by 0.1% on Friday.
In trading on Friday, information technology shares fell by 1.7%.
Top Headline
Industrial production in the U.S. rose 0.4% from a month ago in August, above market estimates of a 0.1% growth.
Equities Trading UP
Novonix Limited (NASDAQ: NVX) shares shot up 27% to $2.36 after the company announced it achieved high-performance battery grade synthetic graphite production milestones with Generation 3 Furnaces at its Tennessee facility.
Shares of Iovance Biotherapeutics, Inc. (NASDAQ: IOVA) got a boost, shooting 18% to $5.47 after the company announced the FDA extended its BLA Priority Review for lifileucel amid resource constraints.
MSP Recovery, Inc. (NASDAQ: LIFW) shares were also up, gaining 220% to $0.1780. The company recently reported second-quarter results.
Equities Trading DOWN
RF Industries, Ltd. (NASDAQ: RFIL) shares dropped 14% to $3.20 following downbeat third-quarter results.
Shares of Volcon, ...