U.S. stocks traded mixed toward the end of trading, with the Dow Jones falling more than 100 points on Thursday.
The Dow traded down 0.36% to 34,763.44 while the NASDAQ rose 0.26% to 14,056.44. The S&P 500, also fell, dropping, 0.03% to 4,513.47.
Gainers
Acer Therapeutics Inc. (NASDAQ: ACER) shares jumped 145% to $1.4850 after Zevra Therapeutics announced it will acquire the company. The transaction will have a total potential value for Acer stockholders of up to $91 million.
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 50 points on Thursday.
The Dow traded up 0.04% to 34,903.09 while the NASDAQ rose 0.38% to 14,072.42. The S&P 500, also rose, gaining, 0.15% to 4,521.71.
Lands' End Inc (NASDAQ: LE) reported a second-quarter FY23 sales decline of 7.9% year-on-year to $323.3 million, missing the analyst consensus estimate of $328.2 million.