Following the market opening Thursday, the Dow traded up 0.95% to 28175.26 while the NASDAQ rose 0.94% to 8,735.16. The S&P also rose, gaining 0.95% to 3,171.60.
Leading and Lagging Sectors
Energy shares climbed 1.4% on Thursday. Meanwhile, top gainers in the sector included Oceaneering International OII, up 10%, and Adams Resources & Energy Inc AE, up 5%.
In trading on Thursday, real estate shares fell 0.2%.
Top Headline
Ciena Corporation CIEN reported weaker-than-expected earnings for its fourth quarter, while sales exceeded estimates.
CIENA posted quarterly earnings of $0.58 per share, missing analysts’ estimates of $0.63 per share. Its sales came in at $968 million, versus expectations of $964.29 million.
Equities Trading UP
Diebold Nixdorf, Incorporated DBD shares shot up 31% to $10.10 after the company reaffirmed FY19 guidance and issued FY20 guidance.
Shares of Amneal Pharmaceuticals, Inc. AMRX got a boost, shooting up 28% to $4.4522 after the company announced it has received abbreviated new drug application approval from the FDA for EluRyng.
Aprea Therapeutics, Inc. APRE shares were also up, gaining 19% to $42.31. Aprea Therapeutics highlighted presentation of APR-246 data at the ASH 2019 Meeting.
Equities Trading DOWN
RiceBran Technologies RIBT shares tumbled 29% to $1.47 after the company announced a proposed public offering of common stock.
Shares of Camber Energy, Inc. CEI were down 19% to $1.6561 as a potential sell-off after the stock increased roughly 260% over the last 2 trading sessions.
Gritstone Oncology, Inc. GRTS was down, falling 15% to $9.82 after the company presented initial safety data from the Phase 1 study of GRANITE-001 in solid tumors as well as initial safety data from the Phase 1 data for SLATE-001 in solid tumors.
Commodities
In commodity news, oil traded up 0.5% to $59.04, while gold traded up 0.3% to $1,479.40.
Silver traded up 0.5% Thursday to $16.925, while copper fell 0.3% to $2.7825.
Euro zone
European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.1%, the Spanish Ibex Index fell 0.1%, while Italy’s FTSE MIB Index rose 0.4%. Meanwhile, the German DAX gained 0.1%, and the French CAC 40 rose 0.1% while UK shares rose 0.6%.
Economics
Initial jobless claims rose 49,000 to 252,000 for the latest week.
The Producer Price Index was flat for November, versus economists’ expectations for a 0.2% rise.
The Energy Information Administration’s weekly report on natural gas stocks in underground storage is schedule for release at 10:30 a.m. ET.
The Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.
Data on money supply for the recent week will be released at 4:30 p.m. ET.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.