LE - Nasdaq Rises 50 Points; Dollar General Shares Slide | Benzinga
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 50 points on Thursday.
The Dow traded up 0.04% to 34,903.09 while the NASDAQ rose 0.38% to 14,072.42. The S&P 500, also rose, gaining, 0.15% to 4,521.71.
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Leading and Lagging Sectors
Consumer discretionary shares jumped by 0.7% on Thursday.
In trading on Thursday, real estate shares fell by 0.5%.
Top Headline
Core PCE prices in the U.S. rose by 0.2% month-over-month in July. Personal spending in current dollars rose by 0.8% in July, while personal income rose by 0.2% over a month in July.
Equities Trading UP
Acer Therapeutics Inc. (NASDAQ: ACER) shares shot up 164% to $1.61 after Zevra Therapeutics announced it will acquire the company. The transaction will have a total potential value for Acer stockholders of up to $91 million.
Shares of 1847 Holdings LLC (NASDAQ: EFSH) got a boost, shooting 44% to $0.1476. 1847 Holdings reported successful restructuring of promissory notes, with two institutional investors, totaling $1.75 million outstanding.
Canopy Growth Corporation (NASDAQ: CGC) shares were also up, gaining 27% to $0.5757 after the HHS called for moving marijuana to a lower-risk drug category.
Equities Trading DOWN
Lands' End, Inc. (NASDAQ: LE) shares dropped 24% to ...