U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining over 1.5% on Thursday.

The Dow traded down 0.20% to 32,733.60 while the NASDAQ rose 1.53% to 12,674.85. The S&P 500, also rose, gaining, 0.63% to 4,141.09.

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Leading and Lagging Sectors

• Information technology shares rose by 3.7% on Thursday. Meanwhile, top gainers in the sector included NVIDIA Corporation (NASDAQ:NVDA), up 25%, and Zuora, Inc. (NYSE:ZUO), up 19%.
• In trading on Thursday, energy shares fell 1.6%.

Top Headline

First-quarter revenue came in at $7.19 billion, exceeding a Street estimate of $6.52 billion. For the second quarter, Nvidia expects revenue of $11 billion, plus or minus 2%, compared to a consensus of $7.15 billion.

Equities Trading UP

Equities Trading DOWN

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Commodities

In commodity news, oil traded down 2.9% to $72.16 while gold traded down 0.8% at $1,949.10.

Silver traded down 0.6% to $23.11 on Thursday while copper rose 1.1% to $3.60.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 fell 0.23%, London’s FTSE 100 fell 0.69% while Spain’s IBEX 35 Index fell 0.4% The German DAX declined 0.23% French CAC 40 fell 0.29% and Italy’s FTSE MIB Index fell 0.44%.

German economy contracted by 0.3% in the first quarter, while GfK Consumer Climate Indicator rose for an eighth month in a row to -24.2 heading into June. Producer prices in Spain dropped 4.5% year-over-year in April versus a revised 1.4% decline in the prior month. The manufacturing climate indicator in France dropped for a third month to a reading of 99 in May.

Asia Pacific Markets

Asian markets closed mixed on Thursday, with Japan’s Nikkei 225 gaining 0.39%, Hong Kong’s Hang Seng Index falling 1.93% and China’s Shanghai Composite Index dropping 0.11%. India’s S&P BSE Sensex rose 0.2%.

Singapore’s economy expanded by 0.4% year-over-year in the first quarter versus the flash reading of 0.1%.Singapore's current account surplus fell to SGD 29.45 billion during the first quarter from SGD 34.43 billion in the year-earlier period.

Economics

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COVID-19 Update

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 107,066,660 cases with around 1,164,710 deaths. India confirmed a total of at least 44,988,420 cases and 531,850 deaths, while France reported over 40,066,340 COVID-19 cases with 167,270 deaths. In total, there were at least 689,218,760 cases of COVID-19 worldwide with more than 6,882,150 deaths.