TKLF - US Stocks Mixed; Core PCE Prices Rise In December | Benzinga
U.S. stocks traded mixed this morning, following the release of PCE price inflation data.
Following the market opening Friday, the Dow traded up 0.12% to 38,096.06 while the NASDAQ fell 0.19% to 15,481.44. The S&P 500 also fell, dropping, 0.05% to 4,891.94.
Check This Out: Snap To Rally Around 17%? Here Are 10 Top Analyst Forecasts For Friday
Leading and Lagging Sectors
Health care shares rose by 0.5% on Friday.
In trading on Friday, information technology shares fell by 0.8%.
Top Headline
The headline PCE annual inflation rate held at 2.6% in December, matching both the previous and expected rate of 2.6%. On a monthly basis, the PCE price index rebounded with a 0.2% increase, recovering from a 0.1% decline in November and matching the predicted 0.2% rise.
Equities Trading UP
Inspire Veterinary Partners, Inc. (NASDAQ: IVP) shares shot up 110% to $0.4067 after jumping over 22% on Thursday.
Shares of Corbus Pharmaceuticals Holdings, Inc. (NASDAQ: CRBP) got a boost, surging 112% to $17.92 after the company announced data from the first-in-human clinical study of CRB-701 is being presented ...