U.S. stocks traded mixed this morning, following the release of jobless claims data on Thursday.
Following the market opening Thursday, the Dow traded up 0.07% to 38,703.01 while the NASDAQ fell 0.07% to 15,746.25. The S&P 500 also fell, dropping, 0.06% to 4,991.87.
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Leading and Lagging Sectors
Energy shares rose by 0.5% on Thursday.
In trading on Thursday, utilities shares fell by 0.6%.
Top Headline
The Walt Disney Company (NYSE:DIS) reported better-than-expected earnings for its first quarter and declared a cash dividend of 45 cents per share.
The company announced a new share repurchase program and said it expects fiscal 2024 earnings of roughly $4.60 per share. Disney also announced a $1.5 billion investment in leading video game company Epic Games.
Equities Trading UP
Syra Health Corp. (NASDAQ:SYRA) shares shot up 424% to $5.84 after the company announced a partnership for a federal contract valued at $75 billion.
Shares of Hitek Global Inc. (NASDAQ:HKIT) got a boost, surging 312% to $4.70 after jumping more than 60% on Wednesday.
MicroAlgo Inc. (NASDAQ:MLGO) shares were also up, gaining 142% to $1.38.
Equities Trading DOWN
Tenax Therapeutics, Inc. (NASDAQ:TENX) shares dropped 65% to $4.89 after the company announced the pricing of its $9 million public offering.
Shares of Bakkt Holdings, Inc. (NYSE:BKKT) were down 34% to $0.9530.
Yield10 Bioscience, Inc. (NASDAQ:YTEN) was down, falling 27% to $0.2695 after the company an update on its Omega-3 Camelina program.
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Commodities
In commodity news, oil traded up 1.8% to $75.19 while gold traded down 0.3% at $2,046.00.
Silver traded up 1% to $22.585 on Thursday while copper fell 1% to $3.6970.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 rose 0.2%, London’s FTSE 100 rose 0.1% while Spain’s IBEX 35 Index rose 0.4% The German DAX rose 0.5% French CAC 40 rose 0.9% while Italy’s FTSE MIB Index gained 0.5%.
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.
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