PBTS - Nasdaq Rises 50 Points; US Manufacturing PMI Improves In September | Benzinga
U.S. stocks traded slightly higher this morning, with the Nasdaq Composite gaining around 50 points on Friday.
Following the market opening Friday, the Dow traded up 0.02% to 34,078.08 while the NASDAQ rose 0.41% to 13,277.55. The S&P 500 also rose, gaining, 0.20% to 4,338.80.
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Leading and Lagging Sectors
Energy shares rose by 1% on Friday.
In trading on Friday, utilities shares fell by 0.3%.
Top Headline
The S&P Global manufacturing PMI rose to 48.9 in September from 47.9 in the prior month, beating market estimates of 48.
The S&P Global services PMI declined to 50.2 in September from 50.5 in August, below estimates of 50.6.
Equities Trading UP
MicroAlgo Inc. (NASDAQ: MLGO) shares shot up 39% to $5.61 after it unveiled a knowledge-enhanced backtracking search algorithm to boost the performance and efficiency of research institutions.
Shares of Cheche Group Inc. (NASDAQ: CCG) got a boost, shooting 39% to $20.49 amid continued volatility following the company's business combination with Prime Impact Acquisition I on Monday. The company today also said it has a successful, ongoing collaboration with Li Auto.
Avalo Therapeutics, Inc. (NASDAQ: AVTX) shares were also up, gaining 30% to $0.1320 after falling 8% on Thursday. The ...