SNOA - US Stocks Mixed; Bristol Myers Posts Upbeat Earnings | Benzinga
U.S. stocks traded mixed this morning, following the release of several economic reports.
Following the market opening Thursday, the Dow traded up 0.10% to 33,069.66 while the NASDAQ fell 0.24% to 12,790.71. The S&P 500 also fell, dropping, 0.13% to 4,181.15.
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Leading and Lagging Sectors
Real estate shares rose by 1% on Thursday.
In trading on Thursday, communication services shares dipped by 2%.
Top Headline
Bristol Myers Squibb & Co (NYSE: BMY) reported better-than-expected earnings for its third quarter.
Bristol Myers Squibb said revenues came in at $10.966 billion, due to lower sales of Revlimid, partially offset by in-line products and its new product portfolio. Analysts were expecting sales of $10.965 billion. Adjusted EPS rose 1% year-over-year to $2.00, beating the consensus of $1.76.
Equities Trading UP
ABVC BioPharma, Inc. (NASDAQ: ABVC) shares shot up 220% to $2.72 after the company announced it entered into a term sheet to license the global rights of CNS drugs with the indications of MDD and ADHD to AiBtl BioPharma at the valuation of $667 million.
Shares of PaxMedica, Inc. ...