Benzinga - by Avi Kapoor, Benzinga Staff Writer.
U.S. stocks traded mixed midway through trading, with the Dow Jones index falling more than 100 points on Thursday.
The Dow traded down 0.29% to 38,565.98 while the NASDAQ rose 0.26% to 15,796.91. The S&P 500 also fell, dropping, 0.09% to 4,990.59.
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Leading and Lagging Sectors
Energy shares rose by 0.7% on Thursday.
In trading on Thursday, utilities shares fell by 1.1%.
Top Headline
U.S. initial jobless claims declined by 9,000 from the previous week's revised reading to 218,000 during the recent week, compared to market estimates of 220,000.
Equities Trading UP
Syra Health Corp. (NASDAQ: SYRA) shares shot up 254% to $4.07 after the company announced a partnership for a federal contract valued at $75 billion.
Shares of U Power Limited (NASDAQ: UCAR) got a boost, surging 40% to $0.0920. The company appointed Jean Christophe von Pfetten as an independent director and a member of the Board’s Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee, effective Feb. 1, 2024.
Arm Holdings plc (NASDAQ: ARM) shares were also up, gaining 58% to $121.78 after the company reported better-than-expected third-quarter financial results and issued FY24 guidance above estimates.
Equities Trading DOWN
Tenax Therapeutics, Inc. (NASDAQ: TENX) shares dropped 65% to $5.03 after the company announced the pricing of its $9 million public offering.
Shares of 23andMe Holding Co. (NASDAQ: ME) were down 23% to $0.5605 after the company reported worse-than-expected third-quarter financial results and issued FY24 revenue guidance below estimates.
Digital Turbine, Inc. (NASDAQ: APPS) was down, falling 21% to $4.0050 after the company reported worse-than-expected third-quarter financial results.
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Commodities
In commodity news, oil traded up 2.2% to $75.49 while gold traded down 0.3% at $2,045.90.
Silver traded up 0.9% to $22.55 on Thursday while copper fell 1.2% to $3.69.
Euro zone
European shares were mixed today. The eurozone’s STOXX 600 fell 0.03%, London’s FTSE 100 fell 0.32% while Spain’s IBEX 35 Index rose 0.21% The German DAX rose 0.28% French CAC 40 rose 0.70% while Italy’s FTSE MIB Index gained 0.37%.
The RICS UK Residential Market Survey house price balance climbed to -18 in January versus from -29 a month ago.
Asia Pacific Markets
Asian markets closed mixed on Thursday, with Japan’s Nikkei 225 gaining 2.06%, Hong Kong’s Hang Seng Index falling 1.27% and China’s Shanghai Composite Index gaining 1.28%. India’s S&P BSE Sensex, meanwhile, fell 1.22%.
The Reserve Bank of India kept its benchmark policy repo unchanged at 6.5% for the sixth straight meeting in February. Japan’s current account surplus increased to JPY 744.5 billion in December from JPY 0.095 billion in the year-ago period, while the gauge for Japan's service sector declined to 50.2 in January compared to a revised reading of 51.8 in the prior month.
China's consumer prices declined by 0.8% year-over-year in January, while producer prices fell by 2.5% year-over-year last month.
Economics
U.S. initial jobless claims declined by 9,000 from the previous week's revised reading to 218,000 during the recent week, compared to market estimates of 220,000.
US wholesale inventories increased by 0.4% month-over-month in December compared to a 0.4% decline in the previous month.
U.S. natural-gas supplies fell 75 billion cubic feet during the week ended Feb. 2, 2024, versus market expectations for a decline of 76 billion cubic feet.
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