U.S. stocks traded higher this morning, with the Dow Jones index gaining over 250 points on Thursday.
Following the market opening Thursday, The Dow traded up 0.58% to 50,210.51 while the NASDAQ rose 0.67% to 25,337.89. The S&P 500 also rose, gaining, 0.44% to 7,298.86.
Leading and Lagging Sectors
Materials shares jumped by 1.5% on Thursday.
In trading on Thursday, communication services stocks fell by 1.3%.
Top Headline
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.
Equities Trading UP
- Propanc Biopharma Inc (NASDAQ:PPCB) shares shot up 343% to $5.98 after the company announced a $5 million share repurchase program.
- Shares of Everbright Digital Holding Ltd (NASDAQ:EDHL) got a boost, surging 311% to $14.39.
- Galaxy Payroll Group Ltd (NASDAQ:GLXG) shares were also up, gaining 262% to $3.53.
Equities Trading DOWN
- Big Tree Cloud Holdings Ltd (NASDAQ:DSY) shares dropped 47% to $3.80 after jumping 291% on Wednesday.
- Shares of Atossa Therapeutics Inc (NASDAQ:ATOS) were down 43% to $2.53 after the company announced registered direct offering of up to $16.5 million in gross proceeds.
- VS Media Holdings Ltd (NASDAQ:VSME) was down, falling 40% to $1.23 after jumping 149% on Wednesday.
Commodities
In commodity news, oil traded down 1.3% to $88.84 while gold traded down 0.7% at $4,104.50.
Silver traded down 1.5% to $63.750 on Thursday, while copper fell 0.2% to $6.2560.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.9%, while Spain's IBEX 35 Index rose 1.4%. London's FTSE 100 rose 1%, Germany's DAX gained 0.3%, while France's CAC 40 rose 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.
Photo via Shutterstock