U.S. stocks traded higher midway through trading, with the Dow Jones index gaining around 200 points on Thursday.
The Dow traded up 0.39% to 53,673.57 while the NASDAQ climbed 1.53% to 26,530.37. The S&P 500 also rose, gaining, 0.79% to 7,736.71.
Leading and Lagging Sectors
Information technology shares jumped by 3.2% on Thursday.
In trading on Thursday, consumer staples stocks fell by 1.1%.
Top Headline
Dollar General (NYSE:DG) shares gained more than 5% on Thursday after the company reported better-than-expected second-quarter financial results and raised its FY26 guidance above estimates.
Dollar General reported quarterly earnings of $2.23 per share which beat the analyst consensus estimate of $2.01 per share. The company reported quarterly sales of $11.290 billion which beat the analyst consensus estimate of $11.197 billion.
Equities Trading UP
- Propanc Biopharma Inc (NASDAQ:PPCB) shares shot up 157% to $2.75 after the company announced preclinical and early translational data for its lead candidate PRP in pancreatic ductal adenocarcinoma.
- Shares of Okta Inc (NASDAQ:OKTA) got a boost, surging 22% to $164.62 as the company posted upbeat second-quarter results.
- Veeva Systems Inc (NYSE:VEEV) shares were also up, gaining 18% to $289.44 as the company posted better-than-expected second-quarter results.
Equities Trading DOWN
- Build-A-Bear Workshop, Inc (NYSE:BBW) shares dropped 23% to $30.06 after the company reported worse-than-expected second-quarter sales results and cut its FY26 sales guidance below estimates.
- Shares of Healthequity Inc (NASDAQ:HQY) were down 14% to $89.52. after the company reported second-quarter financial results. The company affirmed its FY27 adjusted EPS guidance with its midpoint below estimates.
- Wendy’s Co (NASDAQ:WEN) was down, falling 13% to $7.86 following a report suggesting that Nelson Peltz’s Trian Fund is not making a take-private bid for the company.
Commodities
In commodity news, oil traded up 0.8% to $82.88 while gold traded down 0.5% at $4,630.10.
Silver traded up 0.3% to $68.245 on Thursday, while copper rose 1.1% to $6.6730.
Euro zone
European shares were lower today. The eurozone’s STOXX 600 fell 0.9%, while Spain’s IBEX 35 Index fell 0.9%, London’s FTSE 100 fell 0.9%, Germany’s DAX slipped 0.1%, while France’s CAC 40 dipped 1.7%.
Asia Pacific Markets
Asian markets closed mostly lower on Wednesday, with Japan’s Nikkei 225 falling 0.20%, Hong Kong’s Hang Seng index dropping 0.34%, China’s Shanghai Composite rising 1.13% and India’s BSE Sensex falling 0.70%.
Economics
- U.S. initial jobless claims declined by 4,000 to 203,000 in the third week of August, compared to market estimates of 208,000.
- U.S. wholesale inventories climbed by 1.3% month-over-month to $959.1 billion in July, following a revised 0.3% gain in June.
- The US goods trade deficit rose to $118.8 billion in July from $101.4 billion in the previous month.
Photo via Shutterstock