Nasdaq Surges 300 Points; US Initial Jobless Claims Edge Lower

U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 300 points on Thursday.

Following the market opening Thursday, the Dow traded up 0.51% to 51,754.78 while the NASDAQ rose 1.17% to 26,324.95. The S&P 500 also rose, gaining, 0.94% to 7,489.55.

Leading and Lagging Sectors

Information technology shares jumped by 2.3% on Thursday.

In trading on Thursday, energy stocks fell by 2%.

Top Headline

U.S. initial jobless claims fell by 4,000 to 226,000 in the second week of June, compared to market estimates of 225,000.

Equities Trading UP
           

• Aditxt Inc (NASDAQ:ADTX) shares shot up 202% to $0.013 after dipping 60% on Wednesday.
• Shares of Agape ATP Corp (NASDAQ:ATPC) got a boost, surging 99% to $5.44.
• CDT Equity Inc (NASDAQ:CDT) shares were also up, gaining 80% to $1.25 after the company noted that Sarborg, which it holds 1,020 shares in, will use proceeds from its subscription to launch the development of SarborgQ.

Equities Trading DOWN

• INLIF Ltd (NASDAQ:INLF) shares dropped 56% to $0.19 after announcing strategic entry into humanoid robotics market.
• Shares of Sleep Number Corp (NASDAQ:SNBR) were down 45% to $0.21 after company disclosed that Nasdaq plans to delist its common stock following the mattress maker’s recent Chapter 11 bankruptcy filing.
• YY Group Holding Ltd (NASDAQ:YYGH) was down, falling 41% to $0.076 after the company announced a 30-for-1 reverse stock split.

Commodities

In commodity news, oil traded down 3.6% to $74.04 while gold traded down 2.5% at $4,270.00.

Silver traded down 5.6% to $66.780 on Thursday, while copper fell 1.2% to $6.4180.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 declined 0.4%, while Spain's IBEX 35 Index fell 0.2%. London's FTSE 100 fell 1.2%, Germany's DAX gained 0.2%, while France's CAC 40 rose 0.3%.

Asia Pacific Markets

Asian markets closed mostly mixed on Thursday, with Japan's Nikkei 225 gaining 1.65%, Hong Kong's Hang Seng Index falling 1.59%, China's Shanghai Composite falling 0.43% and India's BSE Sensex climbing 0.33%.

Economics

• U.S. initial jobless claims fell by 4,000 to 226,000 in the second week of June, compared to market estimates of 225,000.
• The Philadelphia Fed manufacturing index rose to 10.3 in June from -0.4 in the previous month, compared to market estimates of 10.

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