US stocks mixed; Housing starts lower in March – BELLUS Health…

US stocks mixed; Housing starts lower in March – BELLUS Health…

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US stocks were mixed trading this morning, with the Nasdaq Composite falling over 50 points on Tuesday.

After Tuesday’s market open, the Dow fell 0.12% to 33,945.01, while the NASDAQ rose 0.55% to 12,224.15. The S&P 500 was also up 0.37% to 4,166.85.

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Leading and lagging sectors

  • Information technology shares rose 0.9% on Tuesday. Meanwhile top winner in the sector included TeraWulf Inc. WULFby 8% and inTEST Corporation INTincreased by 13%.
  • In Tuesday trading, the healthcare sector fell 0.3%.

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US housing starts in March fell 0.8% mom to an annualized rate of 1.42 million, while building permits fell 8.8% to an annualized rate of 1.413 million.

Stock trading UP

  • Bellus Health Inc. BLU Shares rose 99% to $14.43 after GSK announced it would acquire the company for $14.75 per share in cash for an approximate total net asset value of $2 billion.
  • shares of HTG Molecular Diagnostics, Inc. HTGM got a boost, rising 25% to $3.74 after the company reported key first-quarter drug discovery milestones.
  • Petros Pharmaceuticals, Inc. PTPI Shares were also higher, gaining 26% to $4.8695.

Stocks are trading down

  • China Jo-Jo Drugstores, Inc. CJJD Shares fell 62% to $1.81 after the company announced a $7 million registered direct offering.
  • shares of United Insurance Holdings Corp. UIHC fell 43% to $1.97. United Insurance posted a Q4 loss of $6.33 per share last month.
  • Blackbox Stocks Inc. BLBX fell 26% to $4.05. Blackboxstocks shares rose 106% on Monday after the company announced it had announced its intention to merge with Evtec.

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raw materials

On commodities news, oil traded up 0.4% to $80.50, while gold was up 0.1% to $2,007.90.

Silver was down 0.1% on Tuesday at $25.07 while copper was down 0.1%…

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