U.S. stocks traded mixed this morning, with the Dow Jones index falling more than 50 points on Thursday.
Following the market opening Thursday, the Dow traded down 0.18% to 40,787.46 while the NASDAQ rose 0.26% to 17,440.55. The S&P 500 also rose, gaining, 0.06% to 5,557.68.
Leading and Lagging Sectors
Communication services shares rose by 1.3% on Thursday.
In trading on Thursday, real estate shares dipped by 0.5%.
Top Headline
U.S. producer prices rose 0.2% month-over-month in August compared to a revised flat reading in the previous month and higher than market estimates of 0.1%.
Equities Trading UP
- Tenon Medical, Inc. (NASDAQ:TNON) shares shot up 139% to $7.24.
- Shares of Visionary Holdings Inc. (NASDAQ:GV) got a boost, surging 191% to $5.91 after the company announced it signed an MoU with the Public Investment Fund of Saudi Arabia, investing $120 million to fully support the development of its various industry projects.
- Smart for Life, Inc. (NASDAQ:SMFL) shares were also up, gaining 74% to $1.48. HRT Financial LP acquired a new stake in Smart for Life.
Equities Trading DOWN
- Ryde Group Ltd. (NYSE:RYDE) shares dropped 74% to $3.47 after dipping more than 35% on Wednesday.
- Shares of Fulcrum Therapeutics, Inc. (NASDAQ:FULC) were down 61% to $3.45 after the company announced that its Phase 3 REACH trial evaluating losmapimod in patients with FSHD, did not achieve its primary endpoint of change from baseline in RSA with losmapimod compared to placebo.
- Oncternal Therapeutics, Inc. (NASDAQ:ONCT) was down, falling 57% to $1.7399 after the company announced termination of its clinical studies and exploration of strategic alternatives.
Commodities
In commodity news, oil traded up 1.6% to $68.36 while gold traded up 0.2% at $2,546.60.
Silver traded up 0.6% to $29.090 on Thursday, while copper rose 1.8% to $4.2170.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 1%, Germany's DAX gained 1.2% and France's CAC 40 rose 0.8%. Spain's IBEX 35 Index rose 1.1%, while London's FTSE 100 rose 0.8%.
The annual inflation rate in Spain eased to 2.3% in August from 2.8% in July, while German wholesale prices fell by 1.1% year-over-year in August.
Asia Pacific Markets
Asian markets closed mostly higher on Thursday, with Japan's Nikkei 225 jumping 3.41%, Hong Kong's Hang Seng Index gaining 0.77%, China's Shanghai Composite Index falling 0.17% and India's BSE Sensex surging 1.77%.
Manufacturing production in Hong Kong increased 0.7% year-over-year during the second quarter. Producer prices in Japan rose by 2.5% year-over-year in August versus a 3.0% growth in the previous month.
Economics
- U.S. producer prices rose 0.2% month-over-month in August compared to a revised flat reading in the previous month and higher than market estimates of 0.1%.
- U.S. initial jobless claims increased by 2,000 from the earlier week to 230,000 in the week ending Sept. 7.
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