U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 50 points on Thursday.
Following the market opening Thursday, the Dow traded up 0.12% to 46,644.20 while the NASDAQ rose 0.14% to 22,772.87. The S&P 500 also rose, gaining, 0.21% to 6,712.54.
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Leading and Lagging Sectors
Energy shares jumped by 1.6% on Thursday.
In trading on Thursday, consumer discretionary stocks fell by 0.6%.
Top Headline
Tesla Inc. (NASDAQ:TSLA) shares fell around 4% on Thursday after the company posted results for the third quarter.
Tesla reported third-quarter revenue of $28.095 billion, up 12% year-over-year. The revenue total beat a Street consensus estimate of $26.239 billion according to data from Benzinga Pro. The company reported third-quarter earnings per share of 50 cents, missing a Street consensus estimate of 54 cents per share.
Equities Trading UP
- Ventyx Biosciences Inc (NASDAQ:VTYX) shares shot up 87% to $7.22 after the company announced results from its Phase 2 study of VTX3232 in participants with obesity and cardiovascular risk factors.
- Shares of Scienture Holdings Inc (NASDAQ:SCNX) got a boost, surging 66% to $0.95 after the company announced the start of commercial sales and fulfillment of first orders for Arbli.
- American Rebel Holdings Inc (NASDAQ:AREB) shares were also up, gaining 45% to $3.11.
Equities Trading DOWN
- AiRWA Inc (NASDAQ:YYAI) shares dropped 45% to $0.10. AiRWA announced a 1-for-50 reverse split.
- Shares of Everbright Digital Holding Ltd (NASDAQ:EDHL) were down 45% to 0.59.
- Beneficient (NASDAQ:BENF) was down, falling 33% to $1.00 after jumping 206% on Wednesday..
Commodities
In commodity news, oil traded up 4.8% to $61.30 while gold traded up 2.2% at $4,156.40.
Silver traded up 2.7% to $48.985 on Thursday, while copper rose 2% to $5.0960.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 rose 0.4%, while Spain's IBEX 35 Index rose 0.5%. London's FTSE 100 rose 0.8%, Germany's DAX 40 fell 0.1% and France's CAC 40 rose 0.6% during the session.
Asia Pacific Markets
Asian markets closed mixed on Thursday, with Japan's Nikkei 225 falling 1.35%, Hong Kong's Hang Seng index gaining 0.72%, China's Shanghai Composite gaining 0.22% and India's BSE Sensex gaining 0.15%.
Economics
Data on existing home sales will be released today.
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