US Stocks Mixed; NY State Business Activity Rises In February

Benzinga
18 Feb

U.S. stocks traded mixed this morning, with the Dow Jones index falling around 100 points on Tuesday.

Following the market opening Tuesday, the Dow traded down 0.24% to 44,440.80 while the NASDAQ rose 0.26% to 20,078.31. The S&P 500 also rose, gaining, 0.11% to 6,121.11.

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Leading and Lagging SectorsInformation technology shares jumped by 0.7% on Tuesday.

In trading on Tuesday, consumer staples shares fell by 0.6%.

Top Headline

The NY Empire State Manufacturing Index rose by 18.3 points to a reading of +5.7 in February, topping market estimates of -1.

Equities Trading UP                       

  • Healthcare Triangle Inc (NASDAQ:HCTI) shares shot up 59% to $0.76.
  • Shares of Kwesst Micro Systems Inc (NASDAQ:KWE)got a boost, surging 103% to $0.95.
  • PainReform Ltd (NASDAQ:PRFX) shares were also up, gaining 79% to $5.05 as the company executed definitive agreement to acquire DeepSolar.

Equities Trading DOWN

  • Septerna Inc (NASDAQ:SEPN) shares dropped 64% to $4.65 after the company announced the discontinuation of its Phase 1 trial of SEP-786 due to unanticipated Bilirubin events.
  • Shares of Bio Path Holdings Inc (NASDAQ:BPTH) were down 54% to $0.29.
  • Petros Pharmaceuticals Inc (NASDAQ:PTPI) was down, falling 51% to $0.14 after the company reported the pricing of $9.6 million public offering of common stock and warrants.

CommoditiesIn commodity news, oil traded up 0.7% to $71.22 while gold traded up 1.2% at $2,936.80.

Silver traded up 0.9% to $33.135 on Tuesday, while copper fell 2.1% to $4.5655.

Euro zone

European shares were higher today. The eurozone's STOXX 600 rose 0.4%, Germany's DAX 40 rose 0.2% and France's CAC 40 rose 0.3%. Spain's IBEX 35 Index rose 0.6%, while London's FTSE 100 rose 0.1%.

Asia Pacific Markets

Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 gaining 0.25%, China's Shanghai Composite Index falling 0.93%, Hong Kong's Hang Seng Index gaining 1.59% and India's BSE Sensex falling 0.04%.

Economics

The NY Empire State Manufacturing Index rose by 18.3 points to a reading of +5.7 in February, topping market estimates of -1.

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