U.S. Stocks Are Trading Higher; ISM Services Index Rises Higher Than Expected
U.S. stocks traded higher this morning, with the Dow Jones gaining more than 100 points on Wednesday. Following the market opening Wednesday, the Dow traded up 0.45% to 32,540.68 while the NASDAQ rose 1.43% to 12,525.90. The SP also rose, gaining, 0.71% to 4,120.15. Also check this: Starbucks, Yum! Brands And 3 Stocks To Watch Heading Into Wednesday Leading and Lagging Sectors Communication services shares climbed 1.7% on Wednesday. Meanwhile, top gainers in the sector included Perion Network Ltd. (NASDAQ: PERI ), up 7% and Golden Matrix Group, Inc. (NASDAQ: GMGI ) up 8%. In trading on Wednesday, utilities shares fell 1.1%. Top Headline The ISM Services PMI unexpectedly rose to 56.7 in July, recording the highest level in three months, compared to June’s reading of 55.3. However, analysts were expecting a reading of 53.5. Equities Trading UP Poseida Therapeutics, Inc. (NASDAQ: PSTX ) shares shot up 108% to $5.05 as the company entered into a strategic collaboration and license agreement with Roche Holdings AG, focused on developing allogeneic CAR-T therapies directed to hematologic malignancies.
U.S. Stocks Are Trading Higher; ISM Services Index Rises Higher Than Expected
U.S. stocks traded higher this morning, with the Dow Jones gaining more than 100 points on Wednesday. Following the market opening Wednesday, the Dow traded up 0.45% to 32,540.68 while the NASDAQ rose 1.43% to 12,525.90. The SP also rose, gaining, 0.71% to 4,120.15. Also check this: Starbucks, Yum! Brands And 3 Stocks To Watch Heading Into Wednesday Leading and Lagging Sectors Communication services shares climbed 1.7% on Wednesday. Meanwhile, top gainers in the sector included Perion Network Ltd. (NASDAQ: PERI ), up 7% and Golden Matrix Group, Inc. (NASDAQ: GMGI ) up 8%. In trading on Wednesday, utilities shares fell 1.1%. Top Headline The ISM Services PMI unexpectedly rose to 56.7 in July, recording the highest level in three months, compared to June’s reading of 55.3. However, analysts were expecting a reading of 53.5. Equities Trading UP Poseida Therapeutics, Inc. (NASDAQ: PSTX ) shares shot up 108% to $5.05 as the company entered into a strategic collaboration and license agreement with Roche Holdings AG, focused on developing allogeneic CAR-T therapies directed to hematologic malignancies.