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Midway through trading Thursday, the Dow traded up 0.36% to 34,445.97 while the NASDAQ rose 0.14% to 13,757.62. The S&P also rose, gaining 0.27% to 4,207.27.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 33,191,140 cases with around 591,950 deaths. India confirmed a total of at least 27,369,090 cases and 315,230 deaths, while Brazil reported over 16,274,690 COVID-19 cases with 454,420 deaths. In total, there were at least 168,450,710 cases of COVID-19 worldwide with more than 3,499,710 deaths, according to data compiled by Johns Hopkins University.
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Leading and Lagging Sectors
Industrial shares climbed 1.1% on Thursday. Meanwhile, top gainers in the sector included Titan Machinery Inc. (NASDAQ:TITN), up 17%, and Aqua Metals, Inc. (NASDAQ:AQMS), up 10%.
In trading on Thursday, utilities shares fell 0.4%.
Top Headline
Dollar Tree, Inc. (NASDAQ:DLTR) reported better-than-expected earnings for its first quarter on Thursday.
Dollar Tree posted quarterly earnings of $1.60 per share, exceeding market estimates of $1.40 per share. The company’s quarterly sales came in at $6.48 billion, versus analysts’ estimates of $6.41 billion.
Dollar Tree said it sees FY21 earnings of $5.80 to $6.05 per share.
Equities Trading UP
Tellurian Inc. (NASDAQ:TELL) shares shot up 27% to $4.0388 after the company, and Gunvor, announced they signed a 10-year LNG agreement for 3 million tonnes per annum.
Shares of Rezolute, Inc. (NASDAQ:RZLT) got a boost, shooting 47% to $11.31 after Oppenheimer initiated coverage on the stock with an Outperform rating and a $25 price target.
Vertex Energy, Inc. (NASDAQ:VTNR) shares were also up, gaining 116% to $3.85 after the company announced it will acquire a Alabama refinery and related logistics assets for $75 million.
Check out these big movers of the day
Equities Trading DOWN
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EZGO Technologies Ltd. (NASDAQ:EZGO) shares tumbled 17% to $4.6855 after the company reported pricing of upsized $12 million registered direct offering of 2.564 million shares.
Shares of Anaplan, Inc. (NYSE:PLAN) were down 12% to $50.22 after the company reported worse-than-expected Q1 earnings. The company also announced CFO David H. Morton, Jr will depart the company later this year.
NextGen Healthcare, Inc. (NASDAQ:NXGN) was down, falling 13% to $16.33. NextGen Healthcare posted upbeat Q4 results, but issued weak earnings forecast for FY22.
Commodities
In commodity news, oil traded up 0.1% to $66.30, while gold traded down 0.5% to $1,892.50.
Silver traded down 0.4% Thursday to $27.77 while copper rose 2.6% to $4.6485.
Euro zone
European shares were mostly higher today. The eurozone’s STOXX 600 rose 0.47%, the Spanish Ibex Index rose 0.34% and the German DAX 30 gained 0.1%. Meanwhile, the London’s FTSE 100 slipped 0.02%, French CAC 40 rose 0.92% and Italy’s FTSE MIB rose 1.23%.
Italy’s consumer confidence index surged to 110.6 in May from 102.3 in the prior month, while manufacturing confidence index gained to 110.2 from 106. German GfK Consumer Climate Indicator rose to -7 for June from a revised reading of -8.6 in May.
Economics
US durable goods orders fell 1.3% in April.
The US economy expanded by an annualized 6.4% in the first quarter following a 4.3% growth in the prior three-month period.
US initial jobless claims fell by 38,000 to 406,000 last week.
US pending home sales fell 4.4% in April.
US natural-gas supplies gained 115 billion cubic feet last week, the Energy Information Administration said.
The Treasury will auction 7-year notes at 1:00 p.m. ET.
Check out the full economic calendar here
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.