Overview

• Nasdaq rose about 0.4% while the Dow gained 0.05% to 44,393.18 and the S&P 500 climbed 0.11% to 6,266.78.
• Utilities led sector performance with a 0.4% gain even as energy stocks fell 1.2%.
• Sonnet BioTherapeutics shares surged 157% to $13.32 after a business combination with Rorschach to launch a crypto treasury reserve strategy.
• Daré Bioscience jumped 141% to $6.05 on interim Phase 3 trial safety and efficacy results for Ovaprene, and Veritex shares rose 20% to $32.97 following a $1.9 billion acquisition agreement with Huntington Bancshares.
• Ruanyun Edai plunged 59%, Unusual Machines dropped 16% and Diginex declined 13% alongside a 1.6% slide in crude oil, as European shares dipped and Asian markets traded mixed.