U.S. stocks were mixed midway through trading, with the Nasdaq Composite edging higher on Thursday.
The Dow traded down 0.10% to 35,245.80 while the NASDAQ rose 0.02% to 13,976.60. The S&P 500, also fell, dropping, 0.19% to 4,504.90.
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Leading and Lagging Sectors
Energy shares rose by 1.4% on Thursday.
In trading on Thursday, real estate shares dipped by 2.6%.
Top Headline
The ISM services PMI declined to 52.7 in July from 53.9 in June, versus market expectations of 53.
Equities Trading UP
Upwork Inc. (NASDAQ: UPWK) shares shot up 38% to $13.72 after the company posted upbeat second-quarter results and raised full-year guidance.
Shares of Vital Farms, Inc. (NASDAQ: VITL) got a boost, shooting 29% to $13.64 following strong quarterly results.
Traeger, Inc. (NYSE: COOK) shares were also up, gaining 39% to $5.74 after the company posted upbeat quarterly results.
Equities Trading DOWN
Aravive, Inc. (NASDAQ: ARAV) shares dropped 71% to $0.3699 after the company’s Phase 3 AXLerate-OC trial evaluating the safety and efficacy of batiraxcept in platinum-resistant ovarian cancer did not meet its primary endpoint of progression-free survival (PFS) in the pre-specified subset of patients naïve to prior bevacizumab treatment.
Shares of Bio-Path Holdings, Inc. (NASDAQ: BPTH) were down 47% to $0.4019 after the company reported pricing of $2.1 million public offering.
Vicarious …
