Mid-Day Market Update: Nasdaq Rises 100 Points; Cisco Shares Plunge

Benzinga Real-time News · May 20, 2022 00:39

U.S. stocks traded mixed midway through trading, with the Nasdaq Composite adding 100 points on Thursday.

The Dow traded down 0.68% to 31,274.92 while the NASDAQ rose 0.88% to 11,518.59. The S&P also fell, dropping, 0.17% to 3,916.98.

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Leading and Lagging Sectors

Consumer discretionary shares rose by 0.9% on Thursday. Meanwhile, top gainers in the sector includedSweetgreen, Inc.(NYSE:SG), up 15% andTAL Education Group(NYSE:TAL) up 13%.

In trading on Thursday, consumer staples shares dipped 1.5%.

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Mid-Day Market Update: Nasdaq Rises 100 Points; Cisco Shares Plunge

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