Midway through trading, U.S. stocks saw an increase, notably with the Nasdaq Composite rising by approximately 0.2% on Friday. The Dow climbed by 0.17% to reach 47,933.71, while the NASDAQ saw a 0.16% increase to hit 23,543.03. The S&P 500 also experienced a rise, gaining 0.15% to reach 6,867.40. Communication services shares notably surged by 0.9%, while utilities stocks fell by 0.6%. In economic news, the U.S. PCE price index saw a 0.3% month-over-month increase in September, aligning with market expectations. In company developments, Praxis Precision Medicines Inc (NASDAQ: PRAX) saw a significant spike in shares by 31% to $248.00 following the announcement of successful completion of its pre-NDA meeting with the FDA and obtaining alignment from the agency. The company also disclosed results from the EMBOLD study.