U.S. stocks traded mixed this morning, with the Dow Jones index falling more than 100 points on Thursday.
Following the market opening Thursday, the Dow traded down 0.28% to 49,770.06 while the NASDAQ rose 0.50% to 25,965.47. The S&P 500 also rose, gaining, 0.07% to 7,370.13.
Leading and Lagging Sectors
Information technology shares jumped by 1.1% on Thursday.
In trading on Thursday, energy stocks fell by 2.8%.
Top Headline
McDonald’s Corp. (NYSE:MCD) reported higher first-quarter earnings and sales on Thursday.
The company reported first-quarter adjusted earnings per share of $2.83, beating the analyst consensus estimate of $2.74. Quarterly sales of $6.517 billion outpaced the Street view of $6.466 billion.
Equities Trading UP
- Agilon Health Inc (NYSE:AGL) shares shot up 102% to $56.44 after the company reported better-than-expected first-quarter financial results and issued second-quarter sales guidance above estimates. Also, the company raised its FY26 sales guidance above estimates.
- Shares of Global Engine Group Holding Ltd (NASDAQ:GLE) got a boost, surging 71% to $0.62 after the company announced its entry into a non-binding strategic memorandum of understanding with Angkasa-X to develop a fully integrated Space-to-AI digital infrastructure platform.
- Rackspace Technology, Inc. (NASDAQ:RXT) shares were also up, gaining 70% to $3.86 after the company reported better-than-expected first-quarter sales results.
Equities Trading DOWN
- OneConstruction Group Ltd (NASDAQ:ONEG) shares dropped 86% to $0.91.
- Shares of GD Culture Group Ltd (NASDAQ:GDC) were down 79% to $0.26.
- enGene Therapeutics Inc (NASDAQ:ENGN) was down, falling 79% to $1.88 after reporting updated interim results from LEGEND pivotal cohort.
Commodities
In commodity news, oil traded down 4.5% to $90.83 while gold traded up 1.5% at $4,766.30.
Silver traded up 6.3% to $82.180 on Thursday, while copper rose 0.4% to $6.2120.
Euro zone
European shares were lower today. The eurozone's STOXX 600 declined 0.8%, while Spain's IBEX 35 Index fell 0.1%. London's FTSE 100 fell 1.3%, Germany's DAX fell 0.6%, while France's CAC 40 declined 0.7%.
Asia Pacific Markets
Asian markets closed mostly higher on Thursday, with Japan's Nikkei 225 jumping 5.58%, Hong Kong's Hang Seng Index gaining 1.57% and India's BSE Sensex falling 0.15%
Economics
- U.S. construction spending increased by 0.6% month-over-month in March compared to a 0.2% declined in the previous month.
- U.S. nonfarm business sector labor productivity surged by 0.8% in the first quarter following a revised 1.6% gain in the previous quarter.
- U.S. initial jobless claims climbed by 10,000 to 200,000 in the last week of April.
- U.S. unit labor costs in the nonfarm business sector rose by 2.3% in the first quarter.
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