U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 100 points on Thursday.

The Dow traded up 0.84% to 39,844.27 while the NASDAQ rose 0.61% to 16,469.28. The S&P 500 also rose, gaining, 0.56% to 5,254.11.

Leading and Lagging Sectors

Industrials shares jumped by 1% on Thursday.

In trading on Thursday, materials shares rose by just 0.1%.

Top Headline

Micron Technology, Inc.(NASDAQ:MU) reported upbeat results for its second quarter and issued strong third-quarter guidance on Wednesday.

Micron reported first-quarter revenue of $5.82 billion, which beat the consensus estimate of $5.342 billion. The company reported adjusted earnings of 42 cents per share, which easily...