U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining over 150 points on Thursday.
The Dow traded up 0.54% to 50,186.91 while the NASDAQ rose 0.63% to 25,328.88. The S&P 500 also rose, gaining, 0.26% to 7,285.56.
Leading and Lagging Sectors
Industrials shares jumped by 1.5% on Thursday.
In trading on Thursday, communication services stocks fell by 1.6%.
Top Headline
Driven Brands Holdings Inc (NASDAQ:DRVN) reported better-than-expected first-quarter adjusted EPS results and reaffirmed its FY26 adjusted EPS and sales guidance.
Equities Trading UP
Equities Trading DOWN
Commodities
In commodity news, oil traded up 0.7% to $90.62 while gold traded down 0.7% at $4,103.10.
Silver traded down 0.7% to $64.275 on Thursday, while copper rose 0.1% to $6.2730.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 gained 1.1%, while Spain’s IBEX 35 Index rose 1.4%. London’s FTSE 100 rose 1.1%, Germany’s DAX gained 0.5%, while France’s CAC 40 rose 1.1%.
Asia Pacific Markets
Asian markets closed mostly lower on Thursday, with Japan’s Nikkei 225 gaining 0.06%, Hong Kong’s Hang Seng Index declining 0.65%, China’s Shanghai Composite dipping 0.16% and India’s BSE Sensex falling 0.20%.
Economics
U.S. initial jobless claims increased by 4,000 to a three-month high of 229,000 during the first week of June, compared to market estimates of 219,000.
Producer prices for final demand rose 1.1% month-over-month in May, the same as in April.
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