RLYB - Nasdaq Gains Over 50 Points; US Producer Prices Increase In March | Benzinga
U.S. stocks traded mostly higher this morning, following the release of PPI data.
Following the market opening Thursday, the Dow traded up 0.03% to 38,472.80 while the NASDAQ rose 0.40% to 16,234.94. The S&P 500 also rose, gaining, 0.17% to 5,169.21.
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Leading and Lagging Sectors
Real estate shares rose by 0.6% on Thursday.
In trading on Thursday, financial shares fell by 0.1%.
Top Headline
Producer prices in the U.S. rose 0.2% month-over-month in March compared to a 0.6% gain in February. However, analysts were expecting a gain of 0.3%.
Equities Trading UP
Rallybio Corporation (NASDAQ: RLYB) shares shot up 95% to $3.1793 after the company announced a collaboration with Johnson & Johnson to advance therapeutics for pregnant individuals at risk of FNAIT.
Shares of Eliem Therapeutics, Inc. (NASDAQ: ELYM) got a boost, ...