Dow Jones Bounces After Market Sell-Off; Cathie Wood Loads Up On AI Stock Palantir

News Snapshot:

The Dow Jones Industrial Average bounced Friday after Thursday's stock market sell-off. Cathie Wood's Ark Invest ETFs loaded up on Palantir stock, while biotech Seagen surged on positive trial results. X S&P Global released its preliminary composite Purchasing Managers' Index (PMI) for September, with the manufacturing index rising to 48.9, up slightly from August's 47.9 reading. And the services index fell to 50.2 this month compared to August's 50.5. Seagen (SGEN) bolted almost 4% higher in early action, after announcing positive phase 3 trial results in a combination drug using Keytruda to treat advanced bladder cancer. Palantir Technologies (PLTR) rose...