Nasdaq Surges 100 Points; ISM Manufacturing PMI Falls In February

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 100 points on Friday.

The Dow traded up 0.02% to 39,005.87 while the NASDAQ rose 0.63% to 16,193.95. The S&P 500 also rose, gaining, 0.40% to 5,116.75.

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Leading and Lagging Sectors

Energy shares rose by 1.6% on Friday.

In trading on Friday, utilities shares fell by 1.4%.

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The ISM manufacturing PMI declined to 47.8 in February from 49.1 a month ago, compared to market estimates of 49.5.

Equities Trading UP

BioVie Inc. (NASDAQ: BIVI) shares shot up 81% to $2.24 after the company announced that its Ne3017 demonstrated potential improvements in motor and non-motor symptoms for Parkinson’s Disease patients and may be realigning physiological processes for Alzheimer’s patients.

Shares of Cardiff Oncology, Inc. (NASDAQ: CRDF) got a boost, surging 38% to $2.4350 after the company reported better-than-expected fourth-quarter financial results, provided a clinical update on the Phase 2 randomized second-line ONSEMBLE trial in patients with RAS-mutated mCRC and announced the first patient was dosed in the randomized first-line RAS-mutated mCRC trial.

Nxu, Inc. (NASDAQ: NXU) shares were also up, gaining 38% to $1.0999 after the company announced it successfully charged a Tesla Cybertruck on Feb. 26.

Equities Trading …

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