PFSW - Nasdaq Surges 100 Points; First Wave BioPharma Shares Spike Higher | Benzinga
U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 100 points on Thursday.
The Dow traded up 0.93% to 34,898.47 while the NASDAQ rose 0.75% to 13,917.44. The S&P 500, also rose, gaining, 0.77% to 4,501.69.
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Leading and Lagging Sectors
Real estate shares jumped by 1.6% on Thursday.
In trading on Thursday, health care shares rose by just 0.3%.
Top Headline
Retail sales in the U.S. rose 0.6% month-over-month in August following a revised 0.5% increase in July.
Equities Trading UP
First Wave BioPharma, Inc. (NASDAQ: FWBI) shares shot up 23% to $0.5331 after the company announced license agreement for capeserod from Sanofi.
Shares of PFSweb, Inc. (NASDAQ: PFSW) got a boost, shooting 48% to $7.42 after GXO Logistics announced it will acquire the company.
MYT Netherlands Parent B.V. (NASDAQ: MYTE) shares were also up, gaining 13% to $4.2350 after the company reported fourth-quarter financial results.
Equities Trading DOWN
IBEX Limited (NASDAQ: IBEX) shares dropped 25% to $13.54 after the company ...