Dow Gains Over 100 Points; Wynn Resorts Earnings Top Views – Fortress Biotech (NASDAQ:FBIO), Babcock & Wilcox (NYSE:BW) | Markets


U.S. stocks traded higher this morning, with the Dow Jones gaining over 100 points on Friday.

Following the market opening Friday, the Dow traded up 0.37% to 34,016.77 while the NASDAQ rose 0.74% to 13,621.71. The S&P 500 also rose, gaining, 0.47% to 4,367.57.

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Leading and Lagging Sectors


Information technology shares rose by 1.1% on Friday.

In trading on Friday, health care shares fell by 0.2%.


Top Headline


Wynn Resorts, Limited WYNN reported better-than-expected earnings for its third quarter on Thursday.

Wynn Resorts reported third quarter operating revenue of $1.67 billion, which was up from a total of $889.7 million reported in the prior year’s period. The revenue total beat a Street consensus estimate of $1.585 billion. The company reported adjusted earnings per share of 99 cents, which beat a Street consensus estimate of 75 cents per share.


Equities Trading UP


TRACON Pharmaceuticals, Inc. TCON shares shot up 100% to $0.3200 after the company reported third-quarter financial results.

Shares of INVO Bioscience, Inc. INVO got a boost, shooting 71% to $1.20. NAYA Biosciences and INVO Bioscience named Dr. Peter Kash, Ed.D., MBA as Vice Chairman following closing of their pending merger.

Marpai, Inc. MRAI shares were also up, gaining 57% to $0.6032 after the company filed to withdraw the registration statement on Form S-1. The company confirmed no securities have been sold in connection with the offering contemplated by the Registration Statement.


Equities Trading DOWN


Babcock & Wilcox Enterprises, Inc. BW shares dropped 49% to $1.1894 after the company reported third-quarter financial results.

Shares of Treace Medical Concepts, Inc. TMCI were down 38% to $6.22 after the company reported worse-than-expected third-quarter financial results and lowered FY23 revenue guidance below…

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