U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 450 points on Thursday.
Following the market opening Thursday, the Dow traded up 1.02% to 45,957.00 while the NASDAQ rose 0.38% to 21,969.16. The S&P 500 also rose, gaining, 0.51% to 6,565.62.
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Leading and Lagging Sectors
Materials shares jumped by 1.1% on Thursday.
In trading on Thursday, communication services stocks fell by 0.1%.
Top Headline
In August 2025, the Consumer Price Index (CPI) rose 2.9% from a year earlier, matching expectations but marking the highest level since January.
On a monthly basis, inflation accelerated to 0.4% from July’s 0.2%, overshooting forecasts for a 0.3% increase. Excluding volatile food and energy categories, core CPI held steady at 3.1% year-over-year — exactly in line with expectations but still uncomfortably above the Fed’s 2% goal. Core prices rose 0.3% month-over-month.
Equities Trading UP
- MOGU Inc. (NYSE:MOGU) shares shot up 110% to $5.24 after the company approved a strategic allocation of up to $20 million of corporate assets to digital currencies.
- Shares of Primega Group Holdings Limited (NASDAQ:ZDAI) got a boost, surging 94% to $0.8064. Primega Group Holdings announces approval of name change to “DirectBooking Technology Co., Ltd.” at extraordinary general meeting.
- Vince Holding Corp. (NYSE:VNCE) shares were also up, gaining 94% to $3.2246 after the company reported better-than-expected quarterly financial results.
Equities Trading DOWN
- Robin Energy Ltd. (NASDAQ:RBNE) shares dropped 40% to $1.39 after the company announced a $7.5 million public offering of 5,769,230 shares at $1.30 per share.
- Shares of Sentage Holdings Inc. (NASDAQ:SNTG) were down 35% to $2.60.
- Classover Holdings, Inc. (NASDAQ:KIDZ) was down, falling 28% to $1.54.
Commodities
In commodity news, oil traded down 1.1% to $62.99 while gold traded down 0.7% at $3,656.20.
Silver traded down 0.2% to $41.515 on Thursday, while copper fell 0.1% to $4.6115.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.4%, while Spain's IBEX 35 Index rose 0.4%. London's FTSE 100 rose 0.5%, Germany's DAX 40 rose 0.2% and France's CAC 40 rose 0.8% during the session.
Asia Pacific Markets
Asian markets closed mostly higher on Thursday, with Japan's Nikkei 225 gaining 1.22%, Hong Kong's Hang Seng falling 0.43%, China's Shanghai Composite rising 1.65% and India's BSE Sensex gaining 0.15%.
Economics
- In August 2025, the Consumer Price Index (CPI) rose 2.9% from a year earlier, matching expectations but marking the highest level since January.
- Initial jobless claims climbed by 27,000 from the previous week to 263,000 in the first week of September.
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