U.S. stocks traded higher this morning, with the Dow Jones index gaining around 40 points on Thursday.
Following the market opening Thursday, the Dow traded up 0.10% to 41,238.64 while the NASDAQ rose 0.22% to 18,036.66. The S&P 500 also rose, gaining, 0.21% to 5,600.18.
Check This Out: Top 3 Health Care Stocks Which Could Rescue Your Portfolio In July
Leading and Lagging Sectors
Industrials shares jumped by 0.6% on Thursday.
In trading on Thursday, health care shares fell by 0.4%.
Top Headline
D.R. Horton, Inc. (NYSE:DHI) reported better-than-expected second-quarter earnings on Thursday.
D.R. reported quarterly earnings of $4.10 per share which beat the analyst consensus estimate of $3.78 per share. The company reported quarterly sales of $9.966 billion which beat the analyst consensus estimate of $9.771 billion.
Equities Trading UP
- Onconetix, Inc. (NASDAQ:ONCO) shares shot up 85% to $0.2761. On July 15, Onconetix announced closing of warrant exercise for $1.11 million gross proceeds.
- Shares of Silo Pharma, Inc. (NASDAQ:SILO) got a boost, surging 66% to $3.74. Silo Pharma said it has entered into a Device and CMC Development Master Plan with Resyca BV, a medical technology provider.
- Chuy’s Holdings, Inc. (NASDAQ:CHUY) shares were also up, gaining 48% to $37.35 after Darden Restaurants announced it will acquire the company.
Equities Trading DOWN
- Agenus Inc. (NASDAQ:AGEN) shares dropped 54% to $8.17 after the company announced the FDA discouraged an accelerated approval pathway at the end-of-Phase 2 meeting.
- Shares of Leslie’s, Inc. (NASDAQ:LESL) were down 30% to $2.8699 after the company reported preliminary financial results for the third quarter and cut its full-year guidance. Multiple analysts also lowered price targets on the stock Thursday morning.
- Fitell Corporation (NASDAQ:FTEL) was down, falling 22% to $21.00.
Also Check This Out: Nvidia, Electronic Arts And 2 Other Stocks Insiders Are Selling
Commodities
In commodity news, oil traded down 0.3% to $82.60 while gold traded up 0.3% at $2,467.00.
Silver traded up 0.6% to $30.565 on Thursday, while copper fell 2.1% to $4.3175.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.6%, Germany's DAX rose 0.4% and France's CAC 40 rose 0.9%. Spain's IBEX 35 Index rose 0.9%, while London's FTSE 100 rose 0.8%.
Construction output in the Eurozone fell 2.4% year-over-year in May compared to a revised 1.5% decline in the prior month. Passenger car registrations in the European Union climbed 4.3% year-over-year to 1.1 million units in June.
Regular pay in the U.K., excluding bonus payment, rose 5.7% year-over-year to GBP 643/week during the three months to May, while the unemployment rate came in unchanged at 4.4% from March to May.
Asia Pacific Markets
Asian markets closed mixed on Thursday, with Japan's Nikkei 225 dipping 2.36%, Hong Kong's Hang Seng Index gaining 0.22%, China's Shanghai Composite Index gaining 0.48% and India's S&P BSE Sensex climbing 0.78%.
Hong Kong’s unemployment rate came in unchanged at 3% during the three months ending June. Japan reported a trade surplus of JPY 224.04 billion in June, compared to market views for a deficit of JPY 240 billion.
Economics
- U.S. initial jobless claims increased by 10,000 to 243,000 in the week ending July 13, compared to market estimates of 230,000.
- The Philadelphia Fed Manufacturing Index rose to 13.9 in July, recording the strongest level in three months, versus 1.3 in June.
Now Read This: