U.S. stocks traded higher this morning, with the Nasdaq Composite surging over 100 points on Thursday.

Following the market opening Thursday, the Dow traded up 0.48% to 38,085.28 while the NASDAQ rose 0.91% to 15,748.02. The S&P 500 also rose, gaining, 0.63% to 5,050.25.

Leading and Lagging Sectors

Information technology shares rose by 1% on Thursday.

In trading on Thursday, materials shares fell by 1%.

Top Headline

Kellanova(NYSE:K) reported better-than-expected first-quarter financial results.

Kellanova reported a first-quarter FY24 sales decline of 4.3% year-on-year to $3.20 billion, beating the analyst consensus estimate of $3.16 billion. Adjusted EPS of $1.01 beat the consensus estimate of 85 cents.

Equities...