U.S. stocks traded higher toward the end of trading, with the Dow Jones index surging more than 200 points on Thursday.
The Dow traded up 0.53% to 41,076.41 while the NASDAQ rose 1.15% to 17,596.13. The S&P 500 also rose, gaining, 0.82% to 5,599.94.
Check This Out: Wall Street’s Most Accurate Analysts Give Their Take On 3 Materials Stocks Delivering High-Dividend Yields
Leading and Lagging Sectors
Communication services shares rose by 1.2% on Thursday.
In trading on Thursday, real estate shares dipped by 0.8%.
Top Headline
Signet Jewelers Limited (NYSE:SIG) posted better-than-expected second-quarter earnings and stronger than anticipated third-quarter revenue outlook.
Signet reported a second-quarter sales decline of 7.6% year-on-year to $1.49 billion, missing the analyst consensus estimate of $1.50 billion. Adjusted EPS of $1.25 beat the analyst consensus estimate of $1.14.
Equities Trading UP
- NETGEAR, Inc. (NASDAQ:NTGR) shares shot up 31% to $20.83 after the company disclosed a settlement agreement with TP-Link Systems and raised its third-quarter revenue guidance.
- Shares of Visionary Holdings Inc. (NASDAQ:GV) got a boost, surging 144% to $4.95 after the company announced it signed an MoU with the Public Investment Fund of Saudi Arabia, investing $120 million to fully support the development of its various industry projects.
- Smart for Life, Inc. (NASDAQ:SMFL) shares were also up, gaining 32% to $1.12. HRT Financial LP acquired a new stake in Smart for Life.
Equities Trading DOWN
- ModivCare Inc. (NASDAQ:MODV) shares dropped 53% to $14.56 after the company announced a $200 million mixed securities shelf.
- Shares of Fulcrum Therapeutics, Inc. (NASDAQ:FULC) were down 61% to $3.4850 after the company announced that its Phase 3 REACH trial evaluating losmapimod in patients with FSHD, did not achieve its primary endpoint of change from baseline in RSA with losmapimod compared to placebo.
- Oncternal Therapeutics, Inc. (NASDAQ:ONCT) was down, falling 57% to $1.7250 after the company announced termination of its clinical studies and exploration of strategic alternatives.
Commodities
In commodity news, oil traded up 3.3% to $69.53 while gold traded up 1.3% at $2,576.20.
Silver traded up 3.9% to $30.05 on Thursday, while copper rose 1.1% to $4.1880.
Euro zone
European shares closed higher today. The eurozone's STOXX 600 rose 0.80%, Germany's DAX gained 1.03% and France's CAC 40 rose 0.52%. Spain's IBEX 35 Index rose 1.08%, while London's FTSE 100 rose 0.57%.
The annual inflation rate in Spain eased to 2.3% in August from 2.8% in July, while German wholesale prices fell by 1.1% year-over-year in August.
Asia Pacific Markets
Asian markets closed mostly higher on Thursday, with Japan's Nikkei 225 jumping 3.41%, Hong Kong's Hang Seng Index gaining 0.77%, China's Shanghai Composite Index falling 0.17% and India's BSE Sensex surging 1.77%.
Manufacturing production in Hong Kong increased 0.7% year-over-year during the second quarter. Producer prices in Japan rose by 2.5% year-over-year in August versus a 3.0% growth in the previous month.
Economics
- U.S. producer prices rose 0.2% month-over-month in August compared to a revised flat reading in the previous month and higher than market estimates of 0.1%.
- U.S. initial jobless claims increased by 2,000 from the earlier week to 230,000 in the week ending Sept. 7.
- U.S. natural-gas stocks rose 40 billion cubic feet during the week ended Sept. 6, compared to market estimates of a 49 bcf gain.
Now Read This:
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
