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Nasdaq Surges 150 Points; Retail Sales Flat For April
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 150 points on Wednesday.
The Dow traded up 0.59% to 39,790.88 while the NASDAQ rose 0.93% to 16,665.13. The S&P 500 also rose, gaining, 0.80% to 5,288.72.
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Leading and Lagging SectorsUtilities shares rose by 1.5% on Wednesday.
In trading on Wednesday, energy shares fell by 0.8%.
Top Headline
U.S. retail sales came in unchanged month-over-month in April compared to a revised 0.6% increase in March.
Equities Trading UP
OptimizeRx Corporation (NASDAQ:OPRX) shares shot up 25% to $13.12 following upbeat quarterly results.
Shares of Edible Garden AG Incorporated (NASDAQ:EDBL) got a boost, surging 31% to $5.60 following first-quarter results.
iPower Inc. (NASDAQ:IPW) shares were also up, gaining 37% to $1.22 after the company reported better-than-expected third-quarter financial results.
Equities Trading DOWN
Virpax Pharmaceuticals, Inc. (NASDAQ:VRPX) shares dropped 63% to $0.83 after the company reported pricing of $2.25m public offering.
Shares of Pixelworks, Inc. (NASDAQ:PXLW) were ...