US stocks were mixed trading this morning, with the Dow Jones up around 20 points on Wednesday.
The Dow rose 0.07% to 29,154.99 while the NASDAQ fell 0.23% to 10,804.74. The S&P 500 was also up 0.03% to 3,648.44.
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Leading and lagging sectors
Energy stocks rose 1.2% on Wednesday. Meanwhile top winner in the sector included Cassava Sciences, Inc. SAVAup to 35% and Talkspace, Inc. TALK increased by 17%.
Information technology shares fell 1.4% in trading on Wednesday.
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The US goods trade gap narrowed for the fifth straight month in August to $87.3 billion, the lowest since October last year. Imports fell 1.7% last month while exports fell 0.9%. US wholesale inventories rose 1.3% mom to $913.1 billion in August after rising 0.6% the previous month.
Stock trading UP
- Prothena Corporation plc PRTA Shares soared 75% to $54.42 after Biogen and Eisai Co. Ltd. announced late Tuesday positive results from a late-stage study of their Alzheimer’s treatment candidate. Prothena is a biotechnology company focused on protein dysregulation and a pipeline of investigational therapeutics that have the potential to alter the course of devastating rare neurodegenerative diseases such as Alzheimer’s.
- shares of bioAffinity Technologies, Inc. BIAF got a boost, rising 65% to $3.50 after the company announced it had received an additional $7.7 million from the exercise of warrants.
- Acumen Pharmaceuticals, Inc. SUBSCRIPTION Shares also rose, gaining 60% to $7.54 after Biogen and Eisai announced that their Phase 3 Clarity trial of lecanemab met its primary endpoint.
Stocks are trading down
- Mind Medicine (MindMed) Inc. MNMD Shares fell 50% to $3.0379 after the company priced an offering of 7.05 million shares with common shares and warrants at $4.25 per share plus warrants.
- shares of nano labs ltd N / A were down 37% to $1.9896 after the…
