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Dow Jumps 75 Points; US Consumer Confidence Surges In August
U.S. stocks traded higher midway through trading, with the Dow Jones gaining around 75 points on Friday.
The Dow traded up 0.19% to 40,638.81 while the NASDAQ rose 0.25% to 17,638.93. The S&P 500 also rose, gaining, 0.16% to 5,551.89.
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Leading and Lagging SectorsCommunication services shares climbed by 0.4% on Thursday.
In trading on Thursday, materials shares fell 0.4%.
Top Headline
The University of Michigan consumer sentiment climbed to 67.8 in August from 66.4 in the prior month and topping market estimates of 66.9.
Equities Trading UP
Cingulate Inc. (NASDAQ:CING) shares shot up 94% to $9.32 after the company on Thursday was granted European patent No. 3261625 for CTx-1301, its lead asset for the treatment of ADHD.
Shares of Zoomcar Holdings, Inc. (NASDAQ:ZCAR) got a boost, surging 100% to $0.2219 after the company reported ...