U.S. indices were trading higher Friday as markets rebound following a sell-off yesterday over concerns the economic recovery is slowing as the COVID-19 Delta variant spreads.
Toward the end of trading Friday, the Dow traded up 1.27% to 34,858.10 while the NASDAQ rose 0.91% to 14,691.88. The S&P also rose, gaining 1.06% to 4,366.41.
Gainers
Stamps.com Inc. (NASDAQ: STMP) jumped 63.7% to $323.63. Software investment firm Thoma Bravo inked an agreement to acquire e-commerce shipping solutions provider Stamps.com in an all-cash transaction valued at $6.6 billion.
Following the market opening Friday, the Dow traded up 1.10% to 34,799.54 while the NASDAQ rose 0.63% to 14,651.61. The S&P also rose, gaining 0.84% to 4,357.03.
Stamps.com Inc (NASDAQ: STMP) is surging higher Friday morning after the company announced it entered into a definitive agreement to be acquired by Thoma Bravo.