WE - Nasdaq Surges Over 100 Points Ahead Of Fed Decision; WeWork Shares Plunge | Benzinga
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 100 points on Wednesday.
The Dow traded up 0.55% to 33,233.33 while the NASDAQ rose 0.87% to 12,962.92. The S&P 500 also rose, gaining, 0.74% to 4,224.85.
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Leading and Lagging Sectors
Information technology shares jumped by 1.3% on Wednesday.
In trading on Wednesday, utilities shares fell by 0.1%.
Top Headline
The ISM manufacturing PMI fell to 46.7 in October versus 49 in the prior month, compared to market expectations of 49.
Equities Trading UP
Cellectis S.A. (NASDAQ: CLLS) shares shot up 148% to $2.3910. Cellectis reported strategic collaboration and investment agreements with AstraZeneca. Cellectis also presented pre-clinical data on multi-armored allogeneic MUC1-CAR T-cells targeting triple-negative breast cancer at the Society for Immunotherapy of Cancer 38th Annual Meeting.
Shares of Patriot Transportation Holding, Inc. (NASDAQ: PATI) got a boost, shooting 104% to $15.69. Patriot Transportation announced an agreement under which United Petroleum Transports will acquire all of the outstanding shares of Patriot common stock for $16.26 per share in cash.
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