Benzinga - by Avi Kapoor, Benzinga Staff Writer.
U.S. stocks traded higher this morning, with the Nasdaq Composite gaining over 50 points on Thursday.
Following the market opening Thursday, the Dow traded up 0.07% to 37,723.53 while the NASDAQ rose 0.46% to 15,039.09. The S&P 500 also rose, gaining, 0.21% to 4,793.32.
Check This Out: Top 5 Materials Stocks That Are Ticking Portfolio Bombs
Leading and Lagging Sectors
Information technology shares rose by 0.8% on Thursday.
In trading on Thursday, utilities shares fell by 0.6%.
Top Headline
U.S. consumer prices increased by 0.3% month-over-month in December compared to a 0.1% rise in November and versus market estimates of 0.2%.
The annual inflation rate rose to 3.4% in December versus a five-month low level of 3.1% in November, and compared to market estimates of 3.2%.
Equities Trading UP
Atreca, Inc. (NASDAQ: BCEL) shares shot up 95% to $0.2090 after falling around 7% on Wednesday. Atreca, last month, announced the sale of a collection of antibody-related assets and materials to Immunome consisting of a $5.5 million upfront payment and up to $7.0 million in clinical development milestones.
Shares of Moolec Science SA (NASDAQ: MLEC) got a boost, surging 35% to $2.5850.
Spectaire Holdings Inc. (NASDAQ: SPEC) shares were also up, gaining 27% to $3.0873. Spectaire signed a distribution agreement with MLab and Mosolf to bring AireCore Emissions System in Europe.
Equities Trading DOWN
Clearmind Medicine Inc. (NASDAQ: CMND) shares dropped 49% to $1.4799. Clearmind Medicine reported pricing of $2.4 million registered direct and private placement.
Shares of YanGuFang International Group Co., Ltd. (NASDAQ: YGF) were down 36% to $1.1601. YanGuFang International named Ya Zhang Interim CEO and Yang Sui as Interim CFO, effective as of Jan. 9, 2024.
180 Life Sciences Corp. (NASDAQ: ATNF) was down, falling 23% to $0.2330. 180 Life Sciences was granted EU patent titled "Method of Treating a Localized Fibrotic Disorder Using An Il-33 Antagonist."
Also Check This Out: How To Earn $500 A Month From Citigroup Stock Ahead Of Q4 Earnings Report
Commodities
In commodity news, oil traded up 1.4% to $72.40 while gold traded up 0.2% at $2,031.10.
Silver traded up 0.2% to $23.115 on Thursday while copper rose 0.5% to $3.7995.
Euro zone
European shares were mostly higher today. The eurozone’s STOXX 600 rose 0.2%, London’s FTSE 100 fell 0.1% while Spain’s IBEX 35 Index rose 0.4% The German DAX rose 0.3% French CAC 40 rose 0.3% while Italy’s FTSE MIB Index rose 0.4%.
Industrial production in Spain increased by 0.8% year-over-year in November, while Italy’s industrial production declined by 1.5% month-over-month in November.
Asia Pacific Markets
Asian markets closed higher on Thursday, with Japan’s Nikkei 225 gaining 1.77%, Hong Kong’s Hang Seng Index rising 1.27% and China’s Shanghai Composite Index gaining 0.31%. India’s S&P BSE Sensex, meanwhile, rose 0.1%.
China's vehicle sales jumped 23.5% year-over-year in December to 3.156 million units, following a 27.4% surge in November. The index of leading economic indicators in Japan fell to 107.7 in November versus a final reading of 108.9 in the earlier month, while index of coincident economic indicators fell to 114.5 in November compared to a final 115.9 a month ago. Reserve assets in Japan climbed to $1.295 trillion in December from $1.270 trillion a month ago, recording the highest level since July 2022.
Economics
U.S. consumer prices increased by 0.3% month-over-month in December compared to a 0.1% rise in November and versus market estimates of 0.2%.
The annual inflation rate rose to 3.4% in December versus a five-month low level of 3.1% in November, and compared to market estimates of 3.2%.
U.S. initial jobless claims declined by 1,000 from the prior week’s revised reading of 202,000 in the period ending Jan, 6, compared to market expectations of 210,000.
Now Read This: Chewy To Rally Over 50%? Here Are 10 Top Analyst Forecasts For Thursday
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.