US Stocks Turn Higher After Fed Raises Key Overnight Interest Rate; Nasdaq Up 1.5%
U.S. stocks turned higher toward the end of trading, following the release of interest rate decision.
The Dow traded up 0.05% to 34,104.56 while the NASDAQ rose 1.58% to 11,767.44. The S&P 500 also fell, dropping, 0.83% to 4,110.42.
Dow Dips 300 Points; Snap Shares Plunge
U.S. stocks traded lower midway through trading, with the Dow Jones dropping over 300 points on Wednesday.
The Dow traded down 0.91% to 33,774.70 while the NASDAQ fell 0.33% to 11,546.13. The S&P 500 also fell, dropping, 0.41% to 4,059.70.
Why Versus Systems (VS) Stock Is Exploding 300% Higher
Versus Systems Inc (NASDAQ: VS) shares are trading higher by 321.23% to $2.57 Wednesday morning after the company announced it will partner with Resolve to bring generative AI and gamification to customer payments and credit management.
What Else?
Benzinga Pro’s Top 5 Stocks To Watch For Wednesday, February 1, 2023: QCOM, SPOT, BMY, PTON, VS
QUALCOMM (QCOM) - Will report quarterly results on Thursday after market close. Analysts expect earnings of $2.27 per share on sales of about $9.5 billion.
Spotify (SPOT) -
Overview Of Value Stocks In The Technology Sector
What Defines a Value Stock? A value stock traditionally has a lower price when compared to stock prices…
Why VYNE Therapeutics Shares Are Trading Higher By 82%; Here Are 20 Stocks Moving Premarket
Gainers
VYNE Therapeutics Inc. (NASDAQ: VYNE) rose 82.2% to $0.35 in pre-market trading after the company said first vitiligo patient was dosed in Phase 1a/b clinical trial of novel BET inhibitor VYN201.
Why Shares Of Chinese Companies Are Trading Lower? Here Are 54 Stocks Moving In Wednesday’s Mid-Day Session
Gainers
Kala Pharmaceuticals, Inc. (NASDAQ: KALA) shares gained 130.5% to $9.03 after the company announced FDA acceptance of a IND application for its KPI-012 for the treatment of persistent corneal epithelial defect.
Why DBV Technologies Shares Are Trading Higher By 38%; Here Are 26 Stocks Moving Premarket
Gainers
Expion360 Inc. (NASDAQ: XPON) shares rose 152% to $2.47 in pre-market trading. Expion360 been selected as the exclusive supplier of high-energy lithium ion batteries for an overland trailer available through SUV dealerships nationwide.