U.S. stocks traded mixed this morning, with the Dow Jones index gaining around 100 points on Thursday.
Following the market opening Thursday, the Dow traded up 0.24% to 44,564.14 while the NASDAQ declined 0.44% to 20,520.54. The S&P 500 also fell, dropping, 0.09% to 6,257.81.
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Leading and Lagging Sectors
Health care shares jumped by 0.9% on Thursday.
In trading on Thursday, communication services stocks dipped by 1.2%.
Top Headline
U.S. initial jobless claims declined by 5,000 from the previous week to 227,000 in the first week of July, compared to market estimates of 235,000.
Equities Trading UP
- Above Food Ingredients Inc. (NASDAQ:ABVE) shares shot up 330% to $1.53 on continued strength following its merger agreement with Palm Global on Monday.
- Shares of DallasNews Corporation (NASDAQ:DALN) got a boost, surging 218% to $13.55 after the company announced Hearst will acquire it for $14 per share.
- BIT Mining Limited (NASDAQ:BTCM) shares were also up, gaining 117% to $5.34 after the company announced it plans an investment up to $300 million to expand into the Solana ecosystem.
Equities Trading DOWN
- Mereo BioPharma Group plc (NASDAQ:MREO) shares dropped 35% to $1.9150. Ultragenyx Pharmaceutical and Mereo BioPharma on Wednesday announced that the randomized, placebo-controlled Phase 3 portion of the Orbit study evaluating UX143 (setrusumab) in pediatric and young adult patients with osteogenesis imperfecta (OI) is progressing toward a final analysis around the end of the year, consistent with the original plan.
- Shares of Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE) were down 27% to $30.11. Ultragenyx Pharmaceutical and Mereo BioPharma on Wednesday announced that the randomized, placebo-controlled Phase 3 portion of the Orbit study evaluating UX143 (setrusumab) in pediatric and young adult patients with osteogenesis imperfecta (OI) is progressing toward a final analysis around the end of the year, consistent with the original plan.
- CURRENC Group Inc. (NASDAQ:CURR) was down, falling 27% to $1.48 as the company announced the pricing of $60 million underwritten public offering at a price of $5/share.
Commodities
In commodity news, oil traded down 1.8% to $67.14 while gold traded up 0.1% at $3,322.90.
Silver traded up 0.8% to $36.930 on Thursday, while copper rose 1.8% to $5.5885.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 rose 0.5%, while Spain's IBEX 35 Index fell 0.6%. London's FTSE 100 gained 1.1%, Germany's DAX 40 slipped 0.3% and France's CAC 40 gained 0.3% during the session.
Asia Pacific Markets
Asian markets closed mixed on Thursday, with Japan's Nikkei falling 0.44%, Hong Kong's Hang Seng gaining 0.57%, China's Shanghai Composite gaining 0.48% and India's BSE Sensex falling 0.41%.
Economics
U.S. initial jobless claims declined by 5,000 from the previous week to 227,000 in the first week of July, compared to market estimates of 235,000.
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