Dow Rises Over 50 Points; US Weekly Jobless Claims Fall
U.S. stocks traded mostly higher this morning, with the Dow Jones gaining more than 50 points on Thursday.
Following the market opening Thursday, the Dow traded up 0.21% to 34,837.64 while the NASDAQ rose 0.03% to 13,478.89. The S&P 500, also rose, gaining, 0.18% to 4,412.31.
Check This Out: NVIDIA To Rally Around 84%? Here Are 10 Other Analyst Forecasts For Thursday
Leading and Lagging Sectors
Energy shares rose by 2% on Thursday.
In trading on Thursday, health care shares fell by 0.2%.
Top Headline
U.S. initial jobless claims declined by 11,000 from the previous week’s revised level to 239,000 in the week ending August 12, compared to market expectations of 240,000.
Equities Trading UP
Sunlight Financial Holdings Inc. (NYSE:SUNL) shares shot up 45% to $0.2233.
Shares of Tivic Health Systems, Inc. (NASDAQ:TIVC) got a boost, shooting 45% to $0.0974. Tivic Health Systems shares jumped 80% on Wednesday after the company announced its funded study started enrollment for its non-invasive bioelectronic device approach to vagus nerve stimulation.
Advanced Health Intelligence Ltd. (NASDAQ:AHI) shares were also up, gaining 33% to $5.11. Advanced Health Intelligence said it obtained overseas R&D reimbursement under Australia's research and development tax incentive scheme.
Equities Trading DOWN
Creative Realities, Inc. (NASDAQ:CREX) shares dropped 34% to $1.95 after the company reported pricing of $6 million public offering of 3 million shares of common stock at $2 per share.
Shares of EMCORE Corporation (NASDAQ:EMKR) were down 33% to $0.5091 after the company reported pricing of $15.8 million public offering.
Tremor International Ltd (NASDAQ:TRMR) was down, falling 27% to $4.54 after the company reported financial and operating results for the three and six months ended June 30, 2023.
Also Check This Out: Top 5 Risk Off Stocks That Should Keep You Up At Night
Commodities
In commodity news, oil traded up 0.9% to $80.12 while gold traded down 0.1% at $1,928.20.
Silver traded up 1.2% to $22.805 on Thursday while copper rose 1.2% to $3.7060.
Euro zone
European shares were mostly lower today. The eurozone’s STOXX 600 declined 0.2%, London’s FTSE 100 fell 0.2% while Spain’s IBEX 35 Index fell 0.1% The German DAX fell 0.1% French CAC 40 fell 0.1%, while Italy’s FTSE MIB Index slipped 0.1%.
The Eurozone recorded a trade surplus of EUR 23 billion in June versus a year-ago deficit of EUR 27.1 billion. Spain's trade deficit shrank to EUR 2.36 billion in June from EUR 5.39 billion in the year-ago month.
Asia Pacific Markets
Asian markets closed mostly higher on Thursday, with Japan’s Nikkei 225 falling 0.44%, China’s Shanghai Composite Index gaining 0.43% and Hong Kong’s Hang Seng Index falling 0.01%. India’s S&P BSE Sensex, meanwhile, fell 0.59%.
Japan's posted a trade deficit of JPY 78.73 billion in July 2023, versus a shortfall of JPY 1,421.92 billion in the year-ago period year. Australian unemployment rate rose to 3.7% in July from 3.5% a month ago.
Economics
U.S. initial jobless claims declined by 11,000 from the previous week’s revised level to 239,000 in the week ending August 12, compared to market expectations of 240,000.
The Philadelphia Fed Manufacturing Index rose to +12 in August from -13.5 in the prior month and compared to market estimates of -10.
Now Read This: Around $3.5M Bet On This Healthcare Stock? Check Out These 3 Stocks Insiders Are Buying
COVID-19 Update
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 107,787,600 cases with around 1,172,270 deaths. India confirmed a total of at least 44,996,390 cases and 531,920 deaths, while France reported over 40,138,560 COVID-19 cases with 167,640 deaths. In total, there were at least 693,647,300 cases of COVID-19 worldwide with more than 6,908,280 deaths.
