Mid-Morning Market Update: Precious Metals Trade Down; Apple Shares Rise On Strong Holiday Sales

Following the market opening Thursday, the Dow traded up 0.56% to 28,745.09, while the NASDAQ rose 0.67% to 9,129.24. The S&P also rose, gaining 0.49% to 3,253.05.

Leading and Lagging Sectors
Information Technology shares climbed 1.03% on Thursday. Meanwhile, top gainers in the sector included DBV Technologies DBVT, up 20.11%, and Axonics Modulation Technologies Inc AXNX, up 18.41%.

In trading on Thursday, Energy shares fell 1.74%.

Top Headline
Apple Inc. AAPL reported strong holiday sales.

Apple said its App Store customers had spent $1.42 billion between Christmas Day and New Year’s Eve, representing 16% growth versus the same period last year. Apple customers spent $386 million on New Year’s Day alone, setting a new single-day record.

Equities Trading UP

  • DBV Technologies S.A. DBVT shares rose 21.7% to $13.68 in pre-market trading after the company reported positive three-year, long-term data from the PEOPLE Phase III Open-label extension study of viaskin peanut in children with peanut allergy.

  • Nabriva Therapeutics PLC NBRV rose 11.4% to $1.37 in pre-market trading after the company received FDA acknowledgment of NDA resubmission for intravenous CONTEPO for injection.

Equities Trading DOWN

  • Tufin Software Technologies Ltd. TUFN fell 29.7% to $12.10 in pre-market trading after the company announced Q4 sales of $29.5 million-$30.1 million compared to the previous range of $34 million-$38 million.

  • Bed Bath & Beyond Inc. BBBY fell 8.4% to $15.26 in pre-market trading after the company reported weaker-than-expected results for its third quarter. The company expects sales and profitability to remain pressured and withdrew its 2019 fiscal year guidance.

Commodities
In commodity news, oil traded down 0.22% to $59.48, while gold traded down 0.56% to $1,551.50.

Silver traded down 1.41% Thursday to $17.91, while copper fell 0.23% to $2.80.

Euro zone
European shares were higher today. The eurozone’s STOXX 600 rose 0.40%, the Spanish Ibex Index rose 0.08%, while Italy’s FTSE MIB Index climbed 0.98%. Meanwhile, the German DAX gained 1.26%, and the French CAC 40 rose 0.32% while UK shares climbed 0.48%

Economics
The EIA report on natural gas inventories is scheduled to be released at 10:30 a.m. ET.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsCommoditiesGlobalMarketsMid-Morning Update
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!