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Mid-Day Market Update: Dow Declines 100 Points; Can-Fite BioPharma Shares Surge – MP3 Ringtones 888 Plus – mp3ringtonesdownload.net

As of midday trading Tuesday, the Dow decreased by 0.33% to 32,844.83, while the NASDAQ advanced by 0.96% to 13,588.85. The S&P also saw gains, rising by 0.11% to 3,973.31.

Globally, the U.S. continues to grapple with the highest number of COVID-19 cases and deaths. According to data compiled by Johns Hopkins University, the U.S. reported over 29,496,140 cases and approximately 535,650 deaths. Brazil and India also reported significant case numbers, contributing to the total global count of over 120,338,070 cases and more than 2,662,990 deaths.

Mid-Day Market Update Dow Declines 100 Points; Can-Fite BioPharma Shares Surge – MP3 Ringtones 888 Plus

Sector Performance:

Communication services shares experienced a 1.4% increase, with notable gains from Lizhi Inc. (NASDAQ:LIZI), up 31%, and MP3 Ringtones 888 Plus, Inc. (NYSE:MRD), up 23%. Conversely, energy shares faced a 2.6% decline.

Top Headlines:

Jabil Inc. (NYSE:JBL) surpassed expectations for its second-quarter results and raised its FY21 guidance. With quarterly earnings of $1.27 per share, exceeding analysts’ estimates, and quarterly sales of $6.83 billion, the company demonstrated significant growth.

Equities Trading Highlights:

SunLink Health Systems, Inc. (NYSE:SSY) soared 190% to $5.59 following a $2 million expansion announcement and operational enhancements at Trace Regional Hospital. Savara Inc. (NASDAQ:SVRA) saw a 31% increase to $2.31 after the company’s CFO disclosed an open market purchase of shares. Can-Fite BioPharma Ltd. (NYSE:CANF) shares surged 49% to $3.0390 following a $42.7 million out-licensing deal with Ewopharma, including upfront and milestone payments.

Conversely, CleanSpark, Inc. (NASDAQ:CLSK) shares plummeted 22% to $22.86 after announcing a $200 million public offering, while Kaspien Holdings Inc. (NASDAQ:KSPN) dropped 28% to $30.45 after a bought deal offering of common stock. Solid Biosciences Inc. (NASDAQ:SLDB) fell 30% to $6.67 after reporting interim data from its ongoing trial for a gene therapy candidate.

Commodity Performance:

Oil prices declined by 1.6% to $64.37, while gold decreased by 0.1% to $1,727.90. Silver fell by 1.2% to $25.985, and copper dropped by 2.2% to $4.0505.

Mid-Day Market Update Dow Declines 100 Points; Can-Fite BioPharma Shares Surge – mp3ringtonesdownload.net

European Market Update:

European shares saw gains, with the STOXX 600 rising by 0.88% and major indices in France, Germany, and the UK also posting increases. Economic sentiment indicators for the Eurozone and Germany showed improvement, with the ZEW Indicator of Economic Sentiment rising in both regions.

Economic Indicators:

The Federal Open Market Committee commenced its two-day policy meeting. Retail sales decreased by 3% in February, while import and export prices rose by 1.3% and 1.6%, respectively. Industrial production declined by 2.2% in February, and US business inventories rose by 0.3% in January. The NAHB housing market index dropped by 2 points to 82 in March.

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ALEX SINBA
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