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 0.09% to 46,642.93 while the NASDAQ fell 0.25% to 22,985.10. The S&P 500 also fell, dropping, 0.07% to 6,749.15.
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Leading and Lagging Sectors
Energy shares jumped by 0.6% on Thursday.
In trading on Wednesday, consumer discretionary stocks fell by 0.9%.
Top Headline
PepsiCo, Inc. (NASDAQ:PEP) reported better-than-expected earnings for the third quarter on Thursday.
The company posted third-quarter adjusted earnings per share of $2.29, beating the analyst consensus estimate of $2.26. Quarterly sales of $23.937 billion (+2.6% year over year) outpaced the Street view of $23.827 billion.
Equities Trading UP
- Turn Therapeutics Inc. (NASDAQ:TTRX) shares shot up 202% to $21.17. The clinical-stage biotechnology company commenced trading on the Nasdaq Capital Market on Wednesday.
- Shares of Bluejay Diagnostics, Inc. (NASDAQ:BJDX) got a boost, surging 110% to $3.9300. Bluejay Diagnostics and SanyoSeiko expanded strategic partnership to advance commercialization of Symphony Platform.
- EPWK Holdings Ltd. (NASDAQ:EPWK) shares were also up, gaining 70% to $0.1261.
Equities Trading DOWN
- Vantage Corp (NYSE:VNTG) shares dropped 71% to $1.85 after dipping 16% on Wednesday.
- Shares of Universe Pharmaceuticals INC (NASDAQ:UPC) were down 29% to $6.70 after surging 83% on Wednesday.
- Lucas GC Limited (NASDAQ:LGCL) was down, falling 31% to $0.1080 after the company announced it implemented a 40-for-1 share consolidation.
Commodities
In commodity news, oil traded up 0.1% to $62.55 while gold traded down 0.4% at $4,055.60.
Silver traded down 0.2% to $48.90 on Thursday, while copper rose 2.2% to $5.2080.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 fell 0.2%, while Spain's IBEX 35 Index fell 0.6%. London's FTSE 100 fell 0.2%, Germany's DAX 40 rose 0.4% and France's CAC 40 gained 0.2% during the session.
Asia Pacific Markets
Asian markets closed mostly higher on Thursday, with Japan's Nikkei 225 gaining 1.77%, Hong Kong's Hang Seng index falling 0.29%, China's Shanghai Composite gaining 1.32% and India's BSE Sensex rising 0.49%.
Economics
Data on natural-gas stocks will be released today.
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