U.S. stocks on the move: Pyxis Oncology, MongoDB, United Therapeutics
MDB•MongoDB shares rose after a $1 billion buyback, while United Therapeutics jumped after a trial win against Liquidia and Pyxis Oncology dropped on a $110 million stock-and-warrants deal. The Nasdaq rose 0.79% and the S&P 500 gained 0.37% at 13:30 EDT.
1. Selected stock moves
MongoDB shares rose after the company announced a $1 billion buyback. United Therapeutics jumped after a trial win against Liquidia, while Pyxis Oncology dropped after a $110 million stock-and-warrants deal.
2. Indexes higher
At 13:30 EDT, the Nasdaq Composite was up 0.79% at 27,008.08 and the S&P 500 gained 0.37% to 7,699. The Dow Jones Industrial Average fell 0.27% to 51,213.50. A softer-than-anticipated inflation reading buoyed hopes that the Federal Reserve might not hike rates as soon as next month.
