Skip to main content

Market Overview

Mid-Day Market Update: Qualtrics International Jumps After Q1 Results; Evolus Shares Slide


Midway through trading Thursday, the Dow traded down 0.26% to 34,047.37 while the NASDAQ rose 0.26% to 13,986.13. The S&P also fell, dropping 0.03% to 4,172.30.

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 31,862,980 cases with around 569,400 deaths. India confirmed a total of at least 15,930,770 cases and 184,650 deaths, while Brazil reported over 14,122,790 COVID-19 cases with 381,470 deaths. In total, there were at least 143,962,150 cases of COVID-19 worldwide with more than 3,061,470 deaths, according to data compiled by Johns Hopkins University.

Leading and Lagging Sectors

Communication services shares rose 0.3% on Thursday. Meanwhile, top gainers in the sector included Takung Art Co., Ltd. (NASDAQ: TKAT), up 25%, and Glory Star New Media Group Holdings Limited (NASDAQ: GSMG), up 15%.

In trading on Thursday, materials shares fell 1.1%.

Top Headline

AT&T Inc. (NYSE: T) reported stronger-than-expected results for its first quarter.

AT&T reported quarterly earnings of $0.86 per share, beating analysts’ estimates of $0.78 per share. The company’s quarterly sales came in at $43.94 billion, versus expectations of $42.69 billion.

AT&T expects a 1% annual consolidated revenue growth and stable EPS with FY20.

Equities Trading UP

Teradata Corporation (NYSE: TDC) shares shot up 32% to $52.53 after the company boosted its Q1 earnings guidance.

Shares of Renalytix AI plc (NASDAQ: RNLX) got a boost, shooting 21% to $30.64 after the company announced that the U.S. government has granted the company a 10-year Governmentwide Acquisition Contract to provide KidneyIntelX early stage kidney disease bioprognostic testing services.

Qualtrics International Inc. (NASDAQ: XM) shares were also up, gaining 19% to $40.15 after the company reported upbeat quarterly results.

Check out these big movers of the day

Equities Trading DOWN

Evolus, Inc. (NASDAQ: EOLS) shares tumbled 18% to $9.60 after the company priced its public offering of 9 million shares of its common stock at a price of $9.50 per share for raising gross proceeds of about $85.5 million.

Shares of Sleep Number Corporation (NASDAQ: SNBR) were down 12% to $109.47 after the company reported Q1 earnings results.

SEI Investments Company (NASDAQ: SEIC) was down, falling 9% to $57.04 following Q1 results. Morgan Stanley maintained SEI Investments with an Equal-Weight and lowered the price target from $75 to $74.


In commodity news, oil traded down 0.4% to $61.09, while gold traded down 0.4% to $1,786.80.

Silver traded down 0.8% Thursday to $26.35 while copper rose 0.1% to $4.2795.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 rose 0.66%, the Spanish Ibex Index rose 1.52% and the German DAX 30 gained 0.78%. Meanwhile, the French CAC 40 rose 0.99% London’s FTSE 100 rose 0.47% and Italy’s FTSE MIB gained 0.98%.

Italy's industrial sales increased 0.2% in February following a revised 2.6% rise in January. French manufacturing climate indicator climbed to 104 in April from a revised reading of 99 in March. Eurozone’s government deficit to GDP ratio climbed to 7.2% in 2020 compared to 0.6% in 2019. UK’s CBI's quarterly gauge of manufacturing optimism surged to 38 in the second quarter, compared to -22 in the earlier three-month period.


US initial jobless claims fell to 547,000 in the week ending April 17th.

The Chicago Fed National Activity Index surged to 1.71 in March from a revised reading of -1.2 in February.

US existing home sales dropped 3.7% to an annual rate of 6.01 million for March.

The index of leading economic indicators increased 1.3% for March.

US natural-gas supplies climbed 38 billion cubic feet last week, the Energy Information Administration said.

The Kansas City Fed's manufacturing index for April is scheduled for release at 11:00 a.m. ET.

Check out the full economic calendar here


Related Articles (EOLS + GSMG)

View Comments and Join the Discussion!

Posted-In: Earnings News Penny Stocks Eurozone Commodities Small Cap Global Intraday Update

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