Nasdaq Jumps 100 Points; US Trade Deficit Widens In September

Grand News Network | November 7, 2023

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 100 points on Tuesday

The Dow traded up 0.19% to 34,159.14 while the NASDAQ rose 0.84% to 13,631.99. The S&P 500 also rose, gaining, 0.30% to 4,379.06.

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Leading and Lagging Sectors


Information technology shares jumped by 1% on Tuesday.

In trading on Tuesday, energy shares fell by 2.2%.


Top Headline


The trade deficit in the U.S. increased to $61.5 billion in September versus a revised $58.7 billion gap in the prior month and compared to market estimates of $59.9 billion.


Equities Trading UP


TransMedics Group, Inc. (NASDAQ: TXMD) shares shot up 62% to $65.22 after the company reported better-than-expected third-quarter sales results and issued strong FY23 revenue guidance.

Shares of Senti Biosciences, Inc. (NASDAQ: SNTI) got a boost, shooting 70% to $0.4974 after the company reported a new strategic collaboration with Celest Therapeutics for the clinical development of SENTI-301A in China.

Tharimmune, Inc. (NASDAQ: THAR) shares were also up, gaining 49% to $0.2350 as the company disclosed the execution of an ...

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