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U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining over 200 points on Wednesday.
The Dow traded down 0.36% to 48,360.33 while the NASDAQ rose 0.91% to 23,854.08. The S&P 500 also rose, gaining, 0.41% to 6,995.87.
Leading and Lagging Sectors
Information technology shares climbed by 1% on Wednesday.
In trading on Wednesday, materials stocks fell by 1.1%.
Top Headline
Morgan Stanley (NYSE:MS) posted better-than-expected earnings for the first quarter.
The company posted EPS of $3.43, beating market estimates of $3.00. The company’s sales came in at $20.580 billion, topping expectations of $19.724 billion.
Equities Trading UP
- Allbirds Inc (NASDAQ:BIRD) shares shot up 349% to $11.17 after the company announced the execution of a definitive agreement with an institutional investor for a $50 million convertible financing facility. The company will pivot its business to AI compute infrastructure and change its name to “NewBird AI.”
- Shares of Immutep Ltd – ADR (NASDAQ:IMMP) got a boost, surging 160% to $0.82 after the FDA …
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