Press Release

Grand News Network | October 24, 2023

Dow Surges 250 Points; US Manufacturing PMI Tops Expectations

U.S. stocks traded higher this morning, with the Dow Jones index gaining over 250 points on Tuesday.

Following the market opening Tuesday, the Dow traded up 0.80% to 33,200.75 while the NASDAQ rose 0.88% to 13,132.62. The S&P 500 also rose, gaining, 0.79% to 4,250.15.

Check This Out: 'Never Buy A Drug Stock Just For The Yield': Jim Cramer On This Big Pharma Company

 

Leading and Lagging Sectors

 

Utilities shares rose by 1.7% on Tuesday.

In trading on Tuesday, energy shares fell by 0.3%.

 

Top Headline

 

The S&P Global manufacturing PMI for the US increased to 50 in October from 49.8 in the prior month and topping market expectations of 49.5. The S&P Global services PMI rose to 50.9 in October versus 50.1 a month ago.

 

Equities Trading UP

 

InMed Pharmaceuticals Inc. (NASDAQ: INM) shares shot up 187% to $1.66. InMed Pharmaceuticals said INM-901 demonstrates unique pharmacological effects in Alzheimer's disease in preclinical proof-of-concept studies.

Shares of Ascent Solar Technologies, Inc. (NASDAQ: ASTI) got a boost, shooting 76% to $1.73 after the company received encouragement from the U.S. Department of Energy to submit a full application for federal funding of the Agrivoltaic Product ...

Full story available on Benzinga.com


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