U.S. stocks traded mostly higher this morning, with the Nasdaq Composite gaining more than 100 points on Thursday.
Following the market opening Thursday, the Dow traded down 0.04% to 46,000.59 while the NASDAQ rose 0.49% to 22,370.12. The S&P 500 also rose, gaining, 0.29% to 6,619.34.
Check This Out: This Target Analyst Begins Coverage On A Bearish Note; Here Are Top 5 Initiations For Thursday
Leading and Lagging Sectors
Information technology shares jumped by 0.8% on Thursday.
In trading on Thursday, materials stocks fell by 0.7%.
Top Headline
U.S. initial jobless claims declined by 33,000 from the previous week to 231,000 in the second week of September, compared to market estimates of 240,000.
Equities Trading UP
- 89bio, Inc. (NASDAQ:ETNB) shares shot up 85% to $14.97 after the company announced an agreement to be acquired by Roche.
- Shares of Aeries Technology, Inc (NASDAQ:AERT) got a boost, surging 85% to $1.0500. Aeries Technology signed a partnership with up to $8m annual contract value to establish its India footprint.
- Aptevo Therapeutics Inc. (NASDAQ:APVO) shares were also up, gaining 57% to $2.2201 following breakthrough clinical results demonstrating its drug's potential to redefine frontline AML treatment.
Equities Trading DOWN
- Replimune Group, Inc. (NASDAQ:REPL) shares dropped 40% to $3.4288 as the company evaluates FDA feedback to determine next steps. A path forward under the accelerated approval pathway has not been determined.
- Shares of BioCardia, Inc. (NASDAQ:BCDA) were down 34% to $1.02 after the company announced the pricing of up to $12 million public offering and disclosed primary endpoint results of open label roll-in cohort of CardiAMP cell therapy in chronic myocardial ischemia trial.
- Office Properties Income Trust (NASDAQ:OPI) was down, falling 28% to $0.4066.
Commodities
In commodity news, oil traded up 0.5% to $64.37 while gold traded down 0.4% at $3,701.70.
Silver traded down 0.1% to $42.110 on Thursday, while copper fell 0.5% to $4.6135.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.8%, while Spain's IBEX 35 Index fell 0.1%. London's FTSE 100 rose 0.3%, Germany's DAX 40 gained 1.1% and France's CAC 40 climbed 1.1% during the session.
Asia Pacific Markets
Asian markets closed mixed on Thursday, with Japan's Nikkei gaining 1.15%, Hong Kong's Hang Seng falling 1.35%, China's Shanghai Composite declining 1.15% and India's BSE Sensex gaining 0.39%.
Economics
- U.S. initial jobless claims declined by 33,000 from the previous week to 231,000 in the second week of September, compared to market estimates of 240,000.
- The Philadelphia Fed Manufacturing Index rose to +23.2 in September, recording its highest level since January, and compared to -0.3 in August.
Now Read This:
Photo via Shutterstock
