U.S. stocks traded higher this morning, with the Dow Jones index gaining around 200 points on Thursday.
Following the market opening Thursday, the Dow traded up 0.41% to 49,352.44 while the NASDAQ surged 0.78% to 23,655.17. The S&P 500 also rose, gaining, 0.55% to 6,964.89.
Leading and Lagging Sectors
Information technology shares gained by 1.4% on Thursday.
In trading on Thursday, health care stocks dipped by 1%.
Top Headline
The Goldman Sachs Group, Inc. (NYSE:GS) reported upbeat earnings for the fourth quarter.
The company posted quarterly earnings of $14.01 per share which beat the analyst consensus estimate of $11.65 per share. The company reported quarterly sales of $13.454 billion which missed the analyst consensus estimate of $13.791 billion.
Equities Trading UP
- Callan JMB Inc. (NASDAQ:CJMB) shares shot up 244% to $3.8499 after the company announced it has signed a strategic teaming agreement with Biostax Corp d/b/a Attune Biotech to provide comprehensive federal oversight services.
- Shares of Springview Holdings Ltd (NASDAQ:SPHL) got a boost, surging 176% to $6.35. Springview Holdings Ltd. announced a strategic partnership with Jiangsu GSO New Energy Technology Co., Ltd. to introduce solar and green-energy solutions for residential housing in Singapore.
- authID Inc. (NASDAQ:AUID) shares were also up, gaining 91% to $1.89 after the company announced an integration with ServiceNow.
Equities Trading DOWN
- MetaVia Inc. (NASDAQ:MTVA) shares dropped 44% to $3.15 after the company announced the pricing of $8.1 million underwritten public offering.
- Shares of Inspire Veterinary Partners, Inc. (NASDAQ:IVP) were down 38% to $0.0510. Inspire Veterinary Partners shares jumped over 256% on Wednesday after the company announced filed a Certificate of Amendment to increase its authorized Class A common stock from 100 million to 700 million shares.
- TryHard Holdings Limited (NASDAQ:THH) was down, falling 35% to $20.54 as the company announced it has entered into a Memorandum of Cooperation with STAR PARTY HK LIMITED to explore the establishment of a joint venture in Japan, potentially affecting investor sentiment.
Commodities
In commodity news, oil traded down 4.6% to $59.15 while gold traded down 0.5% at $4,611.40.
Silver traded down 2.3% to $89.285 on Thursday, while copper fell 2% to $5.9385.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 rose 0.4%, while Spain's IBEX 35 Index fell 0.3%. London's FTSE 100 gained 0.4%, Germany's DAX rose 0.2% and France's CAC 40 slipped 0.1% during the session.
Asia Pacific Markets
Asian markets closed lower on Thursday, with Japan's Nikkei falling 0.42%, Hong Kong's Hang Seng Index declining 0.28% and China's Shanghai Composite falling 0.33%.
Economics
- U.S. import prices increased 0.1% year-over-year in November, while export prices rose 3.3% year-over-year.
- U.S. initial jobless claims declined by 9,000 from the previous week to 198,000 in the week ending Jan. 10, versus market estimates of 215,000.
- The NY Empire State Manufacturing Index surged to 7.7 in January versus a revised reading of -3.7 in December, and topping market estimates of 1.
- The Philadelphia Fed Manufacturing Index jumped 21.4 points to a reading of 12.6 in January.
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