01:43 PM EDT, 09/18/2024 (MT Newswires) -- Consumer stocks rose Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) increasing 0.2%. In corporate news, General Mills' ( GIS ) fiscal Q3 results declined less than market expectations, while the Cheerios maker reiterated its full-year outlook. The shares...

01:54 PM EDT, 09/18/2024 (MT Newswires) -- Cibus ( CBUS ) said Wednesday it priced an underwritten public offering of 3 million shares of its class A common stock at $4 apiece, targeting gross proceeds of about $12 million. Shares slumped 28% amid intraday trading volume at over 1.6 million compared with a daily average of about 177,000. Mullen Automotive...

12:15 PM EDT, 09/18/2024 (MT Newswires) -- US equity indexes fell in choppy midday trading Wednesday ahead of the Federal Reserve's policy announcement later in the afternoon. The S&P 500 index fell 0.2% to 5,624.3, with the Nasdaq Composite down 0.3% to 17,574.1 and the Dow Jones Industrial Average 0.1% lower at 41,551.5. Except for gains in consumer staples, energy,...

Truist Securities has downgraded Incyte Corporation ( INCY ) , noting Jakafi’s (ruxolitinib) patent loss approaching in 2028. Jakafi is Incyte’s top-selling drug. It is indicated for polycythemia vera in adults, intermediate or high-risk myelofibrosis in adults, and steroid-refractory acute graft versus host disease in adult and pediatric patients. In second quarter 2024, the drug generated sales of $705.9 million, +3%...