Crude Oil Jumps Over 4%; US Services PMI Revised Lower

U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining around 0.2% on Thursday.

Following the market opening Thursday, the Dow traded up 0.16% to 17,954.10 while the NASDAQ gained 0.43% to 18,002.24. The S&P 500 also fell, dropping, 0.03% to 5,707.82.

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Leading and Lagging Sectors

Information technology shares jumped by 1.3% on Thursday.

In trading on Thursday, materials shares dipped by 0.9%.

Top Headline

The S&P Global services PMI was revised lower to 55.2 in September compared to a preliminary reading of 55.4, and versus a reading of 55.7 in August.

The S&P Global U.S. composite PMI sipped to 54 in September versus a preliminary reading of 54.4, and versus 54.6 in August.

Equities Trading UP
                       

• Elevai Labs Inc. (NASDAQ:ELAB) shares shot up 67% to $0.1416 after the company announced its subsidiary, Elevai Biosciences, filed two patent applications for its lead candidate, EL-22, aimed at treating muscle loss in obese patients.
• Shares of Theriva Biologics, Inc. (NASDAQ:TOVX) got a boost, ...

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