Markets

Nasdaq Advances by 100 Points While Campbell Soup Exceeds Earnings Forecasts

Published March 7, 2024

Amidst a positive trading session, U.S. stock indexes climbed, with the Nasdaq Composite Index leading the charge and accruing approximately 100 points by Wednesday's close. The technology sector was notably bullish, contributing significantly to the index's performance. The Dow Jones Industrial Average also experienced a modest uptick of 0.20%, concluding the day at 38,662.69, while the NASDAQ index saw a 0.64% increase to reach 16,041.08. Additionally, the S&P 500 index demonstrated growth, rising by 0.53% to 5,105.72.

Individual Stocks in Focus

bioAffinity Technologies BIAF, a Texas-based biotech firm focused on developing cancer diagnostic tests and treatments, received investor attention. Meanwhile, global media and tech company Entravision Communications Corporation EVC, headquartered in California, was also on investors' radar. The healthcare IT company TRxADE HEALTH, Inc. MEDS based in Florida, and Campbell Soup Company CPB, known for its processed foods and snacks, were among the companies watched during the trading session.

In the financial information sector, S&P Global Inc. SPGI headquartered in New York, showed movements, as did Aptorum Group Limited APM, a pharmaceutical company focused on infectious diseases and cancer treatments with a base in London. Lastly, investors kept an eye on Neptune Wellness Solutions Inc. NEPT, an integrated health and wellness company out of Canada.

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