MMLP - US Stocks Rise; Initial Jobless Claims Edge Lower | Benzinga
U.S. stocks traded higher this morning, following the release of economic reports.
Following the market opening Thursday, the Dow traded up 0.26% to 34,982.42 while the NASDAQ rose 0.48% to 14,086.54. The S&P 500, also rose, gaining, 0.29% to 4,528.08.
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Leading and Lagging Sectors
Consumer discretionary shares jumped by 0.9% on Thursday.
In trading on Thursday, consumer staples shares fell by 0.4%.
Top Headline
U.S. initial jobless claims fell by 4,000 from the previous week’s revised reading to 228,000 on the week ending Aug. 26, compared to market estimates of 235,000.
Equities Trading UP
Acer Therapeutics Inc. (NASDAQ: ACER) shares shot up 164% to $1.61 after Zevra Therapeutics announced it will acquire the company. The transaction will have a total potential value for Acer stockholders of up to $91 million.
Shares of noco-noco Inc. (NASDAQ: NCNC) got a boost, shooting 45% to $2.32 after falling 20% on Wednesday.
Longeveron Inc. (NASDAQ: LGVN) shares were also up, gaining 37% to $3.3499.
Equities Trading DOWN
AgileThought, Inc. (NASDAQ: AGIL) shares dropped 29% to $0.2025 after jumping ...