U.S. stocks traded mixed this morning, with the Nasdaq Composite falling more than 50 points on Thursday.
Following the market opening Thursday, the Dow traded up 0.03% to 47,327.39 while the NASDAQ fell 0.23% to 23,444.68. The S&P 500 also fell, dropping, 0.09% to 6,790.33.
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Leading and Lagging Sectors
Energy shares jumped by 1.1% on Thursday.
In trading on Thursday, consumer staples stocks fell by 0.7%.
Top Headline
Cummins Inc (NYSE:CMI) posted better-than-expected earnings for the third quarter on Thursday.
Cummins posted adjusted earnings of $5.59 per share, beating market estimates of $4.81 per share. The company's quarterly sales came in at $8.317 billion versus expectations of $7.971 billion.
Equities Trading UP
- Baiya International Group Inc. (NASDAQ:BIYA) shares shot up 121% to $0.6032.
- Shares of Forge Global Holdings, Inc. (NYSE:FRGE) got a boost, surging 68% to $43.83 after Charles Schwab signed an agreement to acquire the company.
- MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) shares were also up, gaining 43% to $0.1801.
Equities Trading DOWN
- DIH Holding US, Inc. (NASDAQ:DHAI) shares dropped 64% to $0.6608.
- Shares of ACV Auctions Inc. (NYSE:ACVA) were down 37% to $5.13 after the company cut its full-year sales guidance. Also, B of A Securities downgraded the stock from Buy to Underperform and cut its price target from $16.5 to $6.
- Aspen Aerogels, Inc. (NYSE:ASPN) was down, falling 36% to $4.74 after the company lowered its full-year earnings and sales guidance.
Commodities
In commodity news, oil traded up 0.1% to $59.63 while gold traded up 0.6% at $4,016.60.
Silver traded up 0.6% to $48.300 on Thursday, while copper rose 0.1% to $4.9905.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.3%, while Spain's IBEX 35 Index rose 0.2%. London's FTSE 100 fell 0.3%, Germany's DAX 40 declined 0.4% and France's CAC 40 dipped 0.8% during the session.
Asia Pacific Markets
Asian markets closed mostly higher on Thursday, with Japan's Nikkei 225 surging 1.34%, Hong Kong's Hang Seng gaining 2.12%, China's Shanghai Composite gaining 0.97% and India's BSE Sensex falling 0.18%.
Economics
U.S.-based employers announced 153,074 job cuts during the month of October, up sharply from 54,064 in the previous month.
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