Benzinga - by Lisa Levin, Benzinga Editor.
U.S. stocks traded higher this morning, following the release of PPI data.
Following the market opening Thursday, the Dow traded up 0.71% to 34,820.58 while the NASDAQ rose 0.27% to 13,849.49. The S&P 500, also rose, gaining, 0.53% to 4,491.20.
Check This Out: Top 5 Tech And Telecom Stocks You May Want To Dump In Q3
Leading and Lagging Sectors
Energy shares jumped by 1.4% on Thursday.
In trading on Thursday, consumer discretionary shares fell by 0.1%.
Top Headline
Producer prices in the U.S. rose by 0.7% in August 2023, higher than market expectations for a 0.4% increase.
Equities Trading UP
First Wave BioPharma, Inc. (NASDAQ: FWBI) shares shot up 105% to $0.8931 after the company announced license agreement for capeserod from Sanofi.
Shares of PFSweb, Inc. (NASDAQ: PFSW) got a boost, shooting 48% to $7.42 after GXO Logistics announced it will acquire the company.
TradeUP Acquisition Corp. (NASDAQ: UPTD) shares were also up, gaining 30% to $9.88.
Equities Trading DOWN
Sezzle Inc. (NASDAQ: SEZL) shares dropped 67% to $28.60.
Shares of Clearmind Medicine Inc. (NASDAQ: CMND) were down 54% to $0.1862. Clearmind Medicine announced pricing of $2.25 million public offering of 7.5 million shares at $0.30/share.
BIOLASE, Inc. (NASDAQ: BIOL) was down, falling 43% to $1.8610 after the company announced pricing of a $4.5 million underwritten public offering of Series J Convertible Redeemable Preferred Stock and warrants.
Also Check This Out: Check Out 3 Industrials Stocks With Over 3% Dividend Yields From Wall Street's Most Accurate Analysts
Commodities
In commodity news, oil traded up 1.5% to $89.84 while gold traded down 0.3% at $1,926.10.
Silver traded down 1.8% to $22.755 on Thursday while copper rose 0.3% to $3.8025.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 rose 1.2% London’s FTSE 100 gained 1.4% while Spain’s IBEX 35 Index rose 1.1% The German DAX rose 0.8% French CAC 40 climbed 0.8%, while Italy’s FTSE MIB Index climbed 1.1%.
The ECB raised interest rates for the 10th straight time on September 14.
Asia Pacific Markets
Asian markets closed mostly higher on Thursday, with Japan’s Nikkei 225 gaining 1.41%, Hong Kong’s Hang Seng Index rising 0.21% and China’s Shanghai Composite Index gaining 0.11%. India’s S&P BSE Sensex, meanwhile, rose 0.1%.
India's wholesale prices fell by 0.52% year-over-year in August following a 1.36% decline in the earlier month. Industrial production in Japan fell by 1.8% month-over-month in July versus a final 2.4% increase in the prior month. Japan's core machinery orders declined 1.1% month-over-month in July following a 2.7% growth in June.
Economics
Producer prices in the U.S. rose by 0.7% in August 2023, higher than market expectations for a 0.4% increase.
Retail sales in the U.S. rose 0.6% month-over-month in August following a revised 0.5% increase in July.
U.S. initial jobless claims rose by 3,000 to 220,000 in the week ending Sept. 9, versus market estimates of 225,000.
Now Read This: Over $6M Bet On ModivCare? Check Out These 3 Stocks Insiders Are Buying
COVID-19 Update
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 108,386,680 cases with around 1,174,840 deaths. India confirmed a total of at least 44,997,910 cases and 531,930 deaths, while France reported over 40,138,560 COVID-19 cases with 167,640 deaths. In total, there were at least 695,248,690 cases of COVID-19 worldwide with more than 6,915,120 deaths.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.