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Gold Falls Sharply; US Composite PMI Surges In May
U.S. stocks traded mixed midway through trading, with the Dow Jones index falling more than 250 points on Thursday.
The Dow traded down 0.65% to 39,414.01 while the NASDAQ rose 0.84% to 16,942.51. The S&P 500 also rose, gaining, 0.24% to 5,319.63.
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Leading and Lagging SectorsInformation technology shares rose by 1.3% on Thursday.
In trading on Thursday, real estate shares fell by 1.1%.
Top Headline
The S&P Global manufacturing PMI rose to 50.9 in May from 50 in April, while services PMI climbed to 54.8 in May from 51.3.
The S&P Global composite PMI jumped to 54.4 in May compared to 51.3 in April, and topping market estimates of 51.1.
Equities Trading UP
OneMedNet Corporation (NASDAQ:ONMD) shares shot up 145% to $1.1699 after the company highlighted a ‘five-fold expansion’ of its iRWD network and platform.
Shares of Bicycle Therapeutics plc (NASDAQ:BCYC) got a boost, surging 18% to $25.34 after the company announced a $555 million private placement equity financing.
e.l.f. Beauty, Inc. (NYSE:ELF) shares were also up, gaining 19% to $185.34 after ...