Skip to main content

Market Overview

Mid-Afternoon Market Update: Dow Rises Over 50 Points; Adaptive Biotechnologies Shares Spike Higher


Toward the end of trading Thursday, the Dow traded up 0.21% to 26591.97 while the NASDAQ rose 0.73% to 7,967.52. The S&P also rose, gaining 0.49% to 2,928.04.

Leading and Lagging Sectors

Financial shares rose 1% on Thursday. Meanwhile, top gainers in the sector included OFG Bancorp (NYSE: OFG), up 14%, and Lyons Bancorp Inc. (OTC: LYBC), up 15%.

In trading on Thursday, energy shares fell 0.2%.

Top Headline

Walgreens Boots Alliance Inc (NASDAQ: WBA) posted upbeat earnings for its third quarter.

Walgreens Boots Alliance reported third-quarter earnings of $1.47 per share, which beat the analyst consensus estimate of $1.43. The company reported quarterly sales of $34.591 billion, which beat the analyst consensus estimate of $34.47 billion.

Equities Trading UP

Cemtrex, Inc. (NASDAQ: CETX) shares shot up 121% to $4.0490 after the company's electronic manufacturing services unit won a $6 million in new orders over the last few months.

Shares of Adaptive Biotechnologies Corporation (NASDAQ: ADPT) got a boost, shooting up 99% to $39.72 after pricing 15 million share IPO at $20 per share.

ASV Holdings, Inc. (NASDAQ: ASV) shares were also up, gaining 284% to $6.79 after the company reported a merger deal with Yanmar Holdings at $7.05 per share in cash.

Equities Trading DOWN

XpresSpa Group, Inc. (NASDAQ: XSPA) shares tumbled 58% to $1.9701 after a third amendment to outstanding secured convertible notes due November 17, 2019, resulting in added 941,000 shares to outstanding common stock count.

Shares of Aclaris Therapeutics, Inc. (NASDAQ: ACRS) were down 49% to $2.2820 after the company reported Phase 2 Trial results for ATI-502 did not meet its primary or secondary endpoints.

Zynex, Inc. (NASDAQ: ZYXI) was down, falling 18% to $8.65 after reporting a 16.66 million share common stock offering via selling shareholders.


In commodity news, oil traded up 0.1% to $59.40, while gold traded down 0.3% to $1,411.10.

Silver traded down 0.7% Thursday to $15.19, while copper rose 0.2% to $2.7185.

Euro zone

European shares closed mostly lower today. The eurozone’s STOXX 600 rose 0.01%, the Spanish Ibex Index fell 0.1%, while Italy’s FTSE MIB Index gained 0.26%. Meanwhile, the German DAX gained 0.21%, and the French CAC 40 fell 0.13% while UK shares fell 0.19%.


The U.S. grew its gross domestic product by 3.1% in the first quarter of 2019, up from just 2.2% growth in the fourth quarter of 2018. Economists were projecting a growth of 3.1%.

Initial jobless claims rose 10,000 to 227,000 last week. However, analysts were expecting a reading of 220,000.

The pending home sales index rose 1.1% for May, versus economists’ expectations for a 1.1% increase.

Domestic supplies of natural gas climbed 98 billion cubic feet for the week ended June 21, the U.S. Energy Information Administration reported. However, analysts projected a gain of 100 billion cubic feet.

Data on farm prices for May will be released at 3:00 p.m. ET.

Data on money supply for the recent week will be released at 4:30 p.m. ET.


Related Articles (ADPT + ACRS)

View Comments and Join the Discussion!

Posted-In: Mid-Afternoon Market UpdateNews Eurozone Commodities Global Intraday Update Markets

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at