U.S. stocks are experiencing a mixed trading session this morning, influenced by the release of jobless claims data on Thursday.
As the market commenced trading Thursday, the Dow saw a 0.07% increase to 38,703.01, while the NASDAQ faced a 0.07% decrease to 15,746.25. The S&P 500 also dipped by 0.06% to 4,991.87.
Check This Out: Jim Cramer Likes Trane Technologies ‘Very Much’ But Carrier is ‘Undervalued Right Now’
Leading and Lagging Sectors
Energy shares observed a rise of 0.5% on Thursday, while utilities shares suffered a 0.6% fall during trading.
Top Headline
The Walt Disney Company DIS reported better-than-expected earnings for its first quarter and announced a cash dividend of 45 cents per share.
The company unveiled a new share repurchase program and projected fiscal 2024 earnings of approximately $4.60 per share. Additionally, Disney disclosed a $1.5 billion investment in leading video game company Epic Games.
Equities Trading UP
Syra Health Corp. SYRA shares catapulted 424% to $5.84 after the company announced a partnership for a federal contract valued at $75 billion.
Shares of Hitek Global Inc. HKIT received a boost, surging 312% to $4.70 after soaring more than 60% on Wednesday.
MicroAlgo Inc. MLGO shares also surged, gaining 142% to $1.38.
Equities Trading DOWN
Tenax Therapeutics, Inc. TENX shares plummeted 65% to $4.89 after announcing the pricing of its $9 million public offering.
Shares of Bakkt Holdings, Inc. BKKT declined by 34% to $0.9530.
Yield10 Bioscience, Inc. YTEN fell by 27% to $0.2695 after releasing an update on its Omega-3 Camelina program.
Also Check This Out: Disney To Rally Over 26%? Here Are 10 Top Analyst Forecasts For Thursday
Commodities
In commodity news, oil surged by 1.8% to $75.19, while gold decreased by 0.3% to $2,046.00.
Silver rose by 1% to $22.585 on Thursday, but copper fell by 1% to $3.6970.
Euro zone
European shares experienced gains today. The eurozone’s STOXX 600 climbed by 0.2%, London’s FTSE 100 ascended by 0.1%, while Spain’s IBEX 35 Index surged by 0.4%. The German DAX rose by 0.5%, the French CAC 40 by 0.9%, and Italy’s FTSE MIB Index gained 0.5%.
The RICS UK Residential Market Survey house price balance advanced to -18 in January from -29 a month prior.
Asia Pacific Markets
Asian markets closed with a mixed bag on Thursday, as Japan’s Nikkei 225 soared by 2.06%, Hong Kong’s Hang Seng Index fell by 1.27%, and China’s Shanghai Composite Index rose by 1.28%. Conversely, India’s S&P BSE Sensex witnessed a 1.22% decline.
The Reserve Bank of India maintained its benchmark policy repo at 6.5% for the sixth consecutive meeting in February. Japan’s current account surplus surged to JPY 744.5 billion in December from JPY 0.095 billion in the year-ago period, while the gauge for Japan’s service sector declined to 50.2 in January compared to a revised reading of 51.8 in the prior month.
China’s consumer prices declined by 0.8% year-over-year in January, while producer prices fell by 2.5% year-over-year last month.
Economics
U.S. initial jobless claims declined by 9,000 from the previous week’s revised reading to 218,000 during the recent week, compared to market estimates of 220,000.
Now Read This: How To Earn $500 A Month From Motorola Solutions Stock Ahead Of Q4 Earnings
