US Stocks Edge Lower; Consumer Price Index Increases 0.4% For September
Portfolio Pulse from Lisa Levin
US stocks traded slightly lower following the release of the Consumer Price Index (CPI) data. The Dow, NASDAQ, and S&P 500 all fell slightly. Energy shares surged by 0.8% while consumer staples shares fell by 0.5%. The U.S. inflation rate was steady at 3.7% for September. Secoo Holding Limited (SECO), OpGen, Inc. (OPGN), and Versus Systems Inc. (VS) saw significant increases in their share prices. RVL Pharmaceuticals plc (RVLP), Tempest Therapeutics, Inc. (TPST), and T2 Biosystems, Inc. (TTOO) saw significant decreases.
October 12, 2023 | 1:46 pm
News sentiment analysis
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POSITIVE IMPACT
Shares of OpGen, Inc. shot up 394% to $1.66.
The significant increase in OpGen, Inc.'s share price is likely due to positive market sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Secoo Holding Limited shares shot up 562% to $2.12.
The significant increase in Secoo Holding Limited's share price is likely due to positive market sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Versus Systems Inc. shares were up, gaining 188% to $0.6211.
The significant increase in Versus Systems Inc.'s share price is likely due to positive market sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
RVL Pharmaceuticals plc shares dropped 45% to $0.0869.
The significant decrease in RVL Pharmaceuticals plc's share price is likely due to negative market sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Shares of Tempest Therapeutics, Inc. were down 38% to $6.07.
The significant decrease in Tempest Therapeutics, Inc.'s share price is likely due to negative market sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
T2 Biosystems, Inc. was down, falling 37% to $0.1955.
The significant decrease in T2 Biosystems, Inc.'s share price is likely due to negative market sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100