Mid-Morning Market Update: Markets Open Higher; Dollar General Profit Beats Expectations

Following the market opening Thursday, the Dow traded up 0.33 percent to 17,056.90 while the NASDAQ surged 0.49 percent to 4,697.05. The S&P also rose, gaining 0.35 percent to 1,996.26.

On Thursday, healthcare shares rose by 0.74 percent. Top gainers in the sector included

,

, and

. In trading on Thursday, energy shares dipped by 1.24 percent. Meanwhile, top losers in the sector included

, down 8 percent, and

, down 12 percent.

reported upbeat earnings for its fourth quarter on Thursday. Dollar General posted a quarterly profit of $376.2 million, or $1.30 per share, versus a year-ago profit of $355.4 million, or $1.17 per share. Its sales rose 7.1 percent to $5.29 billion. However, analysts were expecting earnings of $1.26 per share on revenue of $5.3 billion. Its same-store sales climbed 2.2 percent for the quarter.

shares shot up 83 percent to $3.87 on positive Phase 2b ixCELL-DCM data. Shares of

got a boost, shooting up 18 percent to $4.95 after the company reported stronger-than-expected earnings for its fourth quarter.

shares were also up, gaining 10 percent to $13.81 after the company reported stronger-than-expected results for its fourth quarter and issued an upbeat forecast.

shares dropped 45 percent to $1.08. InfoSonics reported a Q4 loss of $0.07 per share on revenue of $10.2 million. Shares of

were down 36 percent to $8.42 after the company reported weaker-than-expected Q4 results.

was down, falling around 31 percent to $15.17 after the company reported weaker-than-expected results for its fourth quarter.

In commodity news, oil traded up 0.05 percent to $38.31, while gold traded down 0.46 percent to $1,251.60. Silver traded down 0.01 percent Thursday to $15.37, while copper fell 0.52 percent to $2.22.

European shares were higher today. The eurozone's STOXX 600 rose 2.08 percent, the Spanish Ibex Index rose 2.99 percent, while Italy's FTSE MIB Index jumped 3.26 percent. Meanwhile, the German DAX climbed 2.30 percent, and the French CAC 40 gained 2.57 percent, while U.K. shares rose 0.57 percent.

US jobless claims declined 18,000 to 259,000 in the first week of March. However, economists were expecting initial jobless claims to reach 275,000 in the week.