U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 100 points on Thursday.
Following the market opening Thursday, the Dow traded up 0.34% to 46,412.27 while the NASDAQ climbed 0.73% to 22,834.55. The S&P 500 also rose, gaining, 0.41% to 6,698.54.
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Leading and Lagging Sectors
Communication services shares jumped by 1.4% on Thursday.
In trading on Thursday, financial stocks fell by 0.7%.
Top Headline
Charles Schwab Corporation (NYSE:SCHW) reported better-than-expected earnings for yhe third quarter.
The company reported third-quarter adjusted earnings per share of $1.31, up 70% year over year (Y/Y), beating the analyst consensus estimate of $1.25. Quarterly sales of $6.135 billion (+27% Y/Y) outpaced the Street view of $6.009 billion.
Equities Trading UP
- Praxis Precision Medicines Inc (NASDAQ:PRAX) shares shot up 202% to $173.05. The clinical-stage biopharmaceutical company released topline results for the Phase 3 Essential3 program of ulixacaltamide in essential tremor (ET).
- Shares of Vivakor inc (NASDAQ:VIVK) got a boost, surging 82% to $0.54. Vivakor recently announced a non-binding term sheet to established a $40 million commodity intermediation credit facility.
- Mira Pharmaceuticals Inc (NASDAQ:MIRA) shares were also up, gaining 63% to $2.15 after the company announced new preclinical data for Mira-55.
Equities Trading DOWN
- UTime Ltd (NASDAQ:WTO) shares dropped 83% to $0.20 after the company reported pricing of $25 million registered direct offering.
- Shares of Theriva Biologics Inc (NYSE:TOVX) were down 49% to $0.43 after the company announced a $4 million warrant inducement agreement for the immediate exercise of warrants to purchase up to 7,360,460 of common stock at a reduced exercise price of $0.54 per share.
- Hyperfine Inc (NASDAQ:HYPR) was down, falling 41% to $1.30 after the company announced the pricing of its $17.5 million public offering of 14 million shares at a price of $1.25 per share.
Commodities
In commodity news, oil traded up 0.2% to $58.38 while gold traded up 1.6% at $4,269.40.
Silver traded up 2.1% to $52.455 on Thursday, while copper fell 1% to $4.9660.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 rose 0.3%, while Spain's IBEX 35 Index fell 0.4%. London's FTSE 100 fell 0.3%, Germany's DAX 40 slipped 0.1% and France's CAC 40 surged 0.8% during the session.
Asia Pacific Markets
Asian markets closed mostly higher on Thursday, with Japan's Nikkei 225 surging 1.27%, Hong Kong's Hang Seng index falling 0.09%, China's Shanghai Composite rising 0.10% and India's BSE Sensex rising 1.04%.
Economics
The Philadelphia Fed Manufacturing Index declined to a six-month low level of -12.8 in October from 23.2 in the previous month and missing market estimates of 10.
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