Mid-Afternoon Market Update: Nasdaq Rises Over 100 Points; TD Holdings Shares Spike Higher
U.S. stocks traded higher toward the end of trading, with the Nasdaq gaining more than 100 points on Thursday.
The Dow traded up 0.79% to 34,333.75 while the NASDAQ rose 0.92% to 13,560.45. The S&P also rose, gaining, 0.86% to 4,395.47.
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Leading and Lagging Sectors
Energy shares climbed by 3.4% on Thursday. Meanwhile, top gainers in the sector included Gevo, Inc. NASDAQ:GEVO, up 17% and Indonesia Energy Corporation Limited NYSE:INDO up 25%.
In trading on Thursday, information technology shares rose by just 0.1%.
Top Headline
US initial jobless claims dropped by 15 thousand to 214 thousand in the week ended
Equities Trading UP
Allego N.V. NASDAQ:ALLG shares shot up 62% to
Shares of Marrone Bio Innovations, Inc. NASDAQ:MBII got a boost, shooting 54% to
TD Holdings, Inc. NASDAQ:GLG shares were also up, gaining 41% to
Equities Trading DOWN
SecureWorks Corp. NASDAQ:SCWX shares tumbled 11% to
Shares of Akanda Corp. NASDAQ:AKAN were down 21% to
Integrated Media Technology Limited NASDAQ:IMTE was down, falling 11% to
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Commodities
In commodity news, oil traded up 8.9% to
Silver traded up 3.1% Thursday to
Euro zone
European shares closed mostly higher today. The eurozone's STOXX 600 rose 0.45%,
Annual inflation rate in the Eurozone increased to a fresh record high of 5.9% in February from 5.1% in the previous month. Spanish trade deficit widened to E6.1 billion in January from E1.8 billion in the year-ago month. Passenger car sales in the European Union fell 6.7% year-over-year to 719,465 in February.
Economics
Housing starts in the US rose 6.8% to an annualized rate of 1.769 million in February, while building permits slipped 1.9% last month.
US initial jobless claims dropped by 15 thousand to 214 thousand in the week ended
The Philadelphia Fed Manufacturing Index climbed to 27.4 in March from 16 in February.
Industrial production in the US rose 0.5% from a month ago in February.
US natural-gas supplies dropped 79 billion cubic feet last week, the Energy Information Administration said.
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Check out the full economic calendar here
COVID-19 Update
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 81,289,600 cases with around 994,730 deaths.