Dow Jumps 300 POints; Amazon Posts Upbeat Earnings

U.S. stocks traded mixed this morning, with the Dow Jones index gaining around 300 points on Thursday.

Following the market opening Thursday, the Dow traded up 0.65% to 49,177.00 while the NASDAQ fell 0.18% to 24,628.73. The S&P 500 also rose, gaining, 0.05% to 7,138.04.

Leading and Lagging Sectors

Industrials shares jumped by 1.5% on Thursday.

In trading on Thursday, information technology stocks fell by 0.8%.

Top Headline

Amazon.com Inc (NASDAQ:AMZN) reported upbeat financial results for the first quarter after the market closed on Wednesday.

Amazon reported first-quarter revenue of $181.52 billion, beating the consensus estimate of $177.30 billion, according to Benzinga Pro. The e-commerce giant reported quarterly earnings of $2.78 per share, beating analyst estimates of $1.66 per share.

Amazon also said it expects second-quarter revenue to be between $194 billion and $199 billion, versus estimates of $188.87 billion.

Equities Trading UP
           

• Huachen AI Parking Mgmt Tech Hldg Co Ltd (NASDAQ:HCAI) shares shot up 143% to $13.31.
• Shares of Everspin Technologies Inc (NASDAQ:MRAM) got a boost, surging 45% to $19.06 after the company reported better-than-expected Q1 financial results. The company announced a $40 million U.S. defense contract.
• Fatpipe Inc (NASDAQ:FATN) shares were also up, gaining 37% to $3.39.

Equities Trading DOWN

• Haoxi Health Technology Ltd (NASDAQ:HAO) shares dropped 53% to $0.45.
• Shares of Rising Dragon Acquisition (NASDAQ:RDAC) were down 48% to $10.62.
• Option Care Health Inc (NASDAQ:OPCH) was down, falling 31% to $18.41 after the company reported mixed first-quarter financial results and cut its FY26 sales guidance below estimates.

Commodities

In commodity news, oil traded down 1% to $105.81 while gold traded up 1.7% at $4,639.90.

Silver traded up 2.5% to $73.865 on Thursday, while copper rose 0.4% to $5.9605.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 rose 0.8%, while Spain's IBEX 35 Index rose 0.1%. London's FTSE 100 gained 1.3%, Germany's DAX rose 0.8% and France's CAC 40 slipped 0.1% during the session.

Asia Pacific Markets

Asian markets closed lower on Thursday, with Japan's Nikkei falling 1.06%, China's Shanghai Composite gaining 0.11%, Hong Kong's Hang Seng Index falling 1.28% and India's BSE Sensex declining 0.75%.

Economics

• U.S. employment costs climbed by 0.9% in the first quarter following a 0.7% gain in the prior period.
• U.S. personal spending surged by 0.9% month-over-month in March following a revised 0.6% gain in February.
• U.S. personal income increased by 0.6% month-over-month in March after showing no growth in the previous month.
• U.S. initial jobless claims declined by 26,000 from the previous week to 189,000 in the week ending April 25, compared to market estimates of 215,000.
• The U.S. PCE price index increased 0.7% month-over-month in March following February's 0.4% gain.

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