Dow Jumps 250 Points; US Jobless Claims Increase Last Week

U.S. stocks traded higher this morning, with the Dow Jones jumping around 250 points on Thursday.

The Dow traded up 0.75% to 34,204.99 while the NASDAQ rose 1.15% to 12,047.28. The S&P 500 also rose, gaining, 0.75% to 4,148.69.

Check This Out: Amazon, Tesla And 2 Other Stocks Insiders Are Selling


Top Headline

US initial jobless climbed to 196,000 in the week ending February 4, compared to the prior week's nine-month low of 183,000.


Equities Trading UP

  • Cardiovascular Systems, Inc. CSII shares shot up 48% to $19.73 following Q2 results. Abbott Laboratories agreed to acquire Cardiovascular Systems for $20 per share for an equity value of approximately $890 million.
  • Shares of Blue Bird Corporation BLBD got a boost, shooting 39% to $19.15 following upbeat quarterly sales.
  • AppLovin Corporation APP shares were also up, gaining 28% to $16.27 after the company issued strong Q1 guidance.


Equities Trading DOWN

  • Revelation Biosciences, Inc. REVB shares tumbled 43% to $3.0784 after the company priced a 3.225 million share offering for gross proceeds of $15.6 million.
  • Shares of AppHarvest, Inc. APPH were down 27% to $1.5250 after the company reported a $40 million public offering of common stock.
  • Digital Turbine, Inc. APPS was down, falling 22% to $12.62 after the company reported worse-than-expected Q3 results and issued weak FY23 guidance.

Also Check This Out: Ethereum Falls Below This Key Level; Neo Emerges As Top Gainer



In commodity news, oil traded down 1.3% to $77.47while gold traded down 0.1% at $1,889.80.

Silver traded down 0.3% to $22.365 on Thursday while copper rose 1.4% to $4.0915.


Euro zone

European shares were higher today. The eurozone’s STOXX 600 rose 0.7%, London’s FTSE 100 rose 0.5% while Spain’s IBEX 35 Index rose 0.3%. The German DAX rose 0.9% French CAC 40 rose 1.1% and Italy’s FTSE MIB Index rose 1.2%.

Annual inflation rate in Germany rose to 8.7% in January versus a four-month low of 8.6% in the prior month.


Asia Pacific Markets

Asian markets closed mostly higher on Thursday, with Japan’s Nikkei 225 dropping 0.08%, Hong Kong’s Hang Seng Index climbing 1.6% and China’s Shanghai Composite Index gaining 1.18%. India’s S&P BSE Sensex gained 0.23%.



US initial jobless climbed to 196,000 in the week ending February 4, compared to the prior week's nine-month low of 183,000.

Now Read This: Disney To Rally Over 20%? Here Are 10 Other Analyst Forecasts For Thursday


COVID-19 Update

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 104,620,360 cases with around 1,137,920 deaths. India confirmed a total of at least 44,683,740 cases and 530,740 deaths, while France reported over 39,552,100 COVID-19 cases with 164,500 deaths. In total, there were at least 676,928,170 cases of COVID-19 worldwide with more than 6,776,860 deaths.

Market News and Data brought to you by Benzinga APIs
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPenny StocksEurozoneCommoditiesSmall CapGlobalIntraday UpdateMarketsmid 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!