SPEC - US Stocks Higher; Inflation Rate Increases To 3.4% In December | Benzinga
U.S. stocks traded higher this morning, with the Nasdaq Composite gaining over 50 points on Thursday.
Following the market opening Thursday, the Dow traded up 0.07% to 37,723.53 while the NASDAQ rose 0.46% to 15,039.09. The S&P 500 also rose, gaining, 0.21% to 4,793.32.
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Leading and Lagging Sectors
Information technology shares rose by 0.8% on Thursday.
In trading on Thursday, utilities shares fell by 0.6%.
Top Headline
U.S. consumer prices increased by 0.3% month-over-month in December compared to a 0.1% rise in November and versus market estimates of 0.2%.
The annual inflation rate rose to 3.4% in December versus a five-month low level of 3.1% in November, and compared to market estimates of 3.2%.
Equities Trading UP
Atreca, Inc. (NASDAQ: BCEL) shares shot up 95% to $0.2090 after falling around 7% on Wednesday. Atreca, last month, announced the sale of a collection of antibody-related assets and materials to Immunome consisting of a $5.5 million upfront payment and up to $7.0 million in clinical development milestones.
Shares of Moolec Science SA (NASDAQ: MLEC) got a boost, surging 35% to $2.5850.
Spectaire Holdings Inc. ...