Dow Jumps Over 300 Points; S&P 500 up 1.5% – Ardelyx (NASDAQ:ARDX),…

Dow Jumps Over 300 Points; S&P 500 up 1.5% – Ardelyx (NASDAQ:ARDX),…

Facebook
Twitter
LinkedIn

US stocks were higher at the close with the Dow Jones up more than 300 points on Friday.

The Dow was up 1.03% to 33,343.73, while the NASDAQ was up 1.92% to 11,682.86. The S&P 500 was also up 1.51% to 4,041.51.

Look at that: Top 5 real estate stocks that will fly in March

Leading and lagging sectors

  • Consumer discretionary stocks rose 1.8% on Friday. Meanwhile, top winners in the industry are among them Gaotu Techedu Inc. HAVE YOUby 17% and Xponential Fitness, Inc. XPOFincreased by 14%.
  • In Friday trading, consumer staples stocks fell 0.2%.

top heading

ISM Services PMI fell to 55.1 in February from 55.2 in January, but was above expectations of 54.5.

Stock trading UP

  • Altamira Therapeutics Ltd. CYTO Shares rose 36% to $3.1994 after the company said data from a recent peer-reviewed clinical study showed Bentrio’s superior nasal residence time and rheological properties.
  • shares of Ardelyx, Inc. ARDX got a boost, rocketing 35% to $3.8999 after the company reported better-than-expected fourth-quarter sales results.
  • Seer, Inc. SEER Shares were also higher, gaining 38% to $5.82 after the company reported better-than-expected Q4 EPS and sales results.

Stocks are trading down

  • Practice Precision Medicines, Inc. PRACTICE Shares fell 65% to $1.01 after the company announced topline results from the Essential1 study, which evaluated the efficacy, safety and tolerability of ulixacaltamide (PRAX-944) in essential tremor (ET).
  • shares of Veru Inc. VERU fell 39% to $2.30 after the FDA declined to grant the company’s emergency use authorization application for sabizabulin.
  • NeuroPace, Inc. NPCE was down, falling 19% to $3.44 after the company released fourth-quarter financial results.

Also check out: Bitcoin falls below this key level; Conflux becomes top loser

raw materials

On commodities news, oil traded up 1.4% to $79.23, while gold traded up 0.7% to $1,854.00.

Silver was up 1.4% on Friday to $21.20, while copper was up 0.3% to $4.0885.

Euro…

[ad_2]

Source story

More to explorer