U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 100 points on Thursday.
The Dow traded up 0.68% to 45,580.42 while the NASDAQ rose 0.65% to 21,637.15. The S&P 500 also rose, gaining, 0.57% to 6,485.13.
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Leading and Lagging Sectors
Consumer discretionary shares jumped by 2% on Thursday.
In trading on Thursday, utilities stocks fell by 0.5%.
Top Headline
Science Applications International (NASDAQ:SAIC) stock fell 6% on Thursday after reporting the second-quarter 2026 earnings.
The company reported a quarterly sales decline of 3% year-on-year to $1.77 billion, missing the analyst consensus estimate of $1.86 billion. The adjusted EPS of $3.63 beat the analyst consensus estimate of $2.24.
Science Applications revised the 2026 revenue outlook to $7.250 billion-$7.325 billion (prior $7.60 billion-$7.75 billion), below the analyst consensus estimate of $7.65 billion. The company revised its annual adjusted EPS outlook to $9.40-$9.60 (prior $9.10-$9.30) above the analyst consensus estimate of $9.17.
Equities Trading UP
- Zeta Network Group (NASDAQ:ZNB) shares shot up 62% to $2.2181 after the company announced it entered into a definitive merger agreement with Aero Velocity.
- Shares of BrilliA Inc (NYSE:BRIA) got a boost, surging 54% to $3.9350. The intimate apparel solutions provider declared a cash dividend of $0.133 per Class A share, totaling $2,992,500 across 22.5 million outstanding shares. The dividend carries a record date of September 15, with payment scheduled for September 30.
- SMX (Security Matters) Public Limited Company (NASDAQ:SMX) shares were also up, gaining 67% to $2.04.
Equities Trading DOWN
- Endava plc (NYSE:DAVA) shares dropped 30% to $10.00 following weak quarterly sales.
- Shares of Artelo Biosciences, Inc. (NASDAQ:ARTL) were down 51% to $4.3329 after the company announced a proposed underwritten public offering of common stock and/or pre-funded warrants.
- 707 Cayman Holdings Limited (NASDAQ:JEM) was down, falling 47% to $0.4095 after dipping 66% on Wednesday.
Commodities
In commodity news, oil traded down 0.8% to $63.46 while gold traded down 0.9% at $3,602.50.
Silver traded down 1.9% to $41.275 on Thursday, while copper fell 1.4% to $4.5670.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 rose 0.61%, while Spain's IBEX 35 Index rose 0.87%. London's FTSE 100 rose 0.42%, Germany's DAX 40 gained 0.74% and France's CAC 40 fell 0.27% during the session.
Asia Pacific Markets
Asian markets closed mixed on Thursday, with Japan's Nikkei 225 gaining 1.53%, Hong Kong's Hang Seng falling 1.12%, China's Shanghai Composite declining 1.25% and India's BSE Sensex gaining 0.19%.
Economics
- U.S. initial jobless claims rose by 8,000 from the previous week to 237,000 in the final week of August, compared to market expectations of 230,000.
- U.S. crude oil inventories gained by 2.415 million barrels to 420.7mllion barrels in the final week of August, versus market expectations of 1.8 million barrels.
- The ISM services PMI climbed to 52 in August from 50.1 in July, compared to market estimates of 51.
- The S&P Global US composite PMI was revised lower to 54.6 in August versus a preliminary reading of 55.4.
- Nonfarm business sector labor productivity increased 3.3% in the second quarter.
- The US trade gap rose to $78.3 billion in July from a revised $59.1 billion gap in the previous month.
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