Nasdaq Edges Higher; AngioDynamics Shares Plummet

U.S. stocks pared losses midway through trading, with the Nasdaq Composite turning higher on Thursday.

The Dow traded down 0.30% to 30,184.18 while the NASDAQ rose 0.07% to 11,156.91. The S&P 500 also fell, dropping, 0.21% to 3,775.35.

Also check this: Fear & Greed Index Remains In 'Fear' Zone Ahead Of Friday's Jobs Report

Leading and Lagging Sectors

Energy shares jumped by 1% on Thursday. Leading the sector was strength from SEACOR Marine Holdings Inc. SMHI and Transocean Ltd. RIG.

In trading on Thursday, utilities shares fell by 1.8%.

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US natural-gas supplies surged 129 billion cubic feet last week, the Energy Information Administration said.

Equities Trading UP


  • Motus GI Holdings, Inc. MOTS shares shot up 44% to $2.6990 after the company was granted a US patent titled 'Cleaning Method for Prepless Colonoscopy.'
  • Shares of Revelation Biosciences, Inc. REVB got a boost, shooting 23% to $0.3113 after the company announced an exclusive worldwide license agreement with Vanderbilt University to develop and commercialize phosphorylated hexaacyl disaccharide, for treating or preventing infections.
  • Kiromic BioPharma, Inc. KRBP shares were also up, gaining 32% to $0.3579 after the company announced it received feedback from the FDA pursuant to its Type B Pre-IND meeting request regarding its Deltacel development strategy.

Equities Trading DOWN

  • AngioDynamics, Inc. ANGO shares tumbled 15% to $18.37 after the company reported worse-than-expected Q1 results.
  • Shares of Applied Therapeutics, Inc. APLT were down 30% to $0.6661. Applied Therapeutics’ ACTION-Galactosemia Kids Phase 3 trial has demonstrated a trend in clinical benefit favoring AT-007 vs. placebo. A data review at 12 months by the monitoring committee indicated that while the study's primary endpoint has not yet reached statistical significance, a trend exists favoring AT-007 vs. placebo.
  • Cyclerion Therapeutics, Inc. CYCN was down, falling 40% to $0.5659 after the company announced a mitochondrial disease-focused strategy. The plan will include a 45% workforce reduction.

Also check out: Sotera Health, SMART Global And Other Big Losers From Wednesday


In commodity news, oil traded up 0.8% to $88.44, while gold traded up 0.1% at $1,721.70.

Silver traded up 0.3% to $20.61 on Thursday while copper fell 1% to $3.4645.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 fell 0.51%, London’s FTSE 100 fell 0.67% while Spain’s IBEX 35 Index fell 0.86%. The German DAX dropped 0.3%, French CAC 40 fell 0.71% and Italy’s FTSE MIB Index fell 0.9%.

The S&P Global Eurozone construction PMI rose to 45.3 in September from 44.2 in the previous month, recording contraction for the fifth straight month. The S&P Global/CIPS UK construction PMI climbed to 52.3 in September from 49.2 in the prior month.

Passenger car registrations in France surged 5.5% year-over-year to 141,142 units in September, while construction PMI rose to 49.1 in September from 48.2 a month ago. German construction PMI declined to 41.8 in September from 42.6 in August, while factory orders in Germany slipped 2.4% month-over-month in August. The S&P Global Italy construction PMI surged to 46.7 in September from 41.2 in August. Industrial production in Spain climbed 5.5% year-over-year in August.




  • US-based companies announced plans to reduce 29,989 jobs from their payrolls during the month of September.
  • US initial jobless claims rose by 29,000 to 219,000 in the week that ended October 1st, above market expectations of 203,000.
  • US natural-gas supplies surged 129 billion cubic feet last week, the Energy Information Administration said.
  • Federal Reserve board governor Lisa Cook is set to speak at 1:00 p.m. ET.
  • Federal Reserve Bank of Chicago President Charles Evans will speak at 1:00 p.m. ET.
  • Federal Reserve Governor Christopher Waller is set to speak at 5:00 p.m. ET.
  • Federal Reserve Bank of Cleveland President Loretta Mester will speak at 6:30 p.m. ET.

Check out this: Volatility In Markets Decreases Further, Here's Why

COVID-19 Update

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 98,411,240 cases with around 1,086,680 deaths. India confirmed a total of at least 44,604,460 cases and 528,740 deaths, while France reported over 35,639,690 COVID-19 cases with 155,310 deaths. In total, there were at least 625,040,080 cases of COVID-19 worldwide with more than 6,555,810 deaths.

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