KULR - Nasdaq Gains 50 Points; US Inflation Rate Rises In August | Benzinga
U.S. stocks traded higher this morning, with the Nasdaq Composite gaining around 50 points on Wednesday.
Following the market opening Wednesday, the Dow traded up 0.11% to 34,685.47 while the NASDAQ rose 0.39% to 13,827.83. The S&P 500, also rose, gaining, 0.25% to 4,473.00.
Check This Out: These 3 Health Care Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts
Leading and Lagging Sectors
Consumer discretionary shares jumped by 0.8% on Wednesday.
In trading on Wednesday, materials shares fell by 0.3%.
Top Headline
The annual inflation rate in the U.S. rose for a second consecutive month to 3.7% in August from 3.2% in the previous month, and also above market estimates of 3.6%. Consumer prices increased 0.6% month-over-month in August following a 0.2% growth in July.
Equities Trading UP
Avalo Therapeutics, Inc. (NASDAQ: AVTX) shares shot up 73% to $0.2135. Avalo Therapeutics, on Sept 12, got notice from the Nasdaq as of Sept 11 the company’s securities had closing bid price of $0.10/less for 10 consecutive trading days.
Shares of ZyVersa Therapeutics, Inc. (NASDAQ: ZVSA) got a boost, shooting 46% to $0.1881.
Axcella Health Inc. (NASDAQ: AXLA) shares were also up, gaining 27% to ...