U.S. stocks traded mostly higher this morning, with the Nasdaq Composite gaining around 200 points on Thursday.
Following the market opening Thursday, the Dow traded down 0.01% to 53,457.46 while the NASDAQ climbed 0.77% to 26,332.01. The S&P 500 also rose, gaining, 0.27% to 7,696.27.
Leading and Lagging Sectors
Information technology shares jumped by 2.2% on Thursday.
In trading on Thursday, consumer staples stocks fell by 1.1%.
Top Headline
Nvidia Corp. (NASDAQ:NVDA) reported better-than-expected second-quarter financial results and issued a strong revenue forecast for the current quarter, after the closing bell on Wednesday.
Nvidia reported second-quarter revenue of $96.22 billion, up 106% year-over-year. The revenue total beat a Street consensus estimate of $92.18 billion, according to data from Benzinga Pro.
Equities Trading UP
- Propanc Biopharma Inc (NASDAQ:PPCB) shares shot up 211% to $3.33 after the company announced preclinical and early translational data for its lead candidate PRP in pancreatic ductal adenocarcinoma.
- Shares of VolitionRX Ltd (NYSE:VNRX) got a boost, surging 86% to $0.63 after the diagnostics company reported a 112% year-over-year revenue surge in the first half of 2026, reaching $1.4 million as it expanded its clinical and commercial operations.
- Mint Incorporation Ltd (NASDAQ:MIMI) shares were also up, gaining 74% to $3.13 after dipping over 6% on Wednesday.
Equities Trading DOWN
- Alpha Modus Holdings Inc (NASDAQ:AMOD) shares dropped 25% to $2.87. Alpha Modus disclosed that it is advancing a strategic transaction expected to add 3,170 Bitcoin to the Company’s balance sheet.
- Shares of Change Agents Corp (NASDAQ:CHGA) were down 29% to $0.13 after the company announced a 1-for-20 reverse stock split.
- Xiao-I Corp (NASDAQ:AIXI) was down, falling 21% to $0.64. Xiao-I agreed to sell $4.33 million unsecured convertible note for $4 million to institutional investor.
Commodities
In commodity news, oil traded up 0.7% to $82.77 while gold traded down 0.5% at $4,629.50.
Silver traded down 0.2% to $67.880 on Thursday, while copper rose 1.1% to $6.6745.
Euro zone
European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.6%, while Spain’s IBEX 35 Index fell 0.7%, London’s FTSE 100 fell 0.6%, Germany’s DAX gained 0.2%, while France’s CAC 40 dipped 1.6%.
Asia Pacific Markets
Asian markets closed mostly lower on Wednesday, with Japan’s Nikkei 225 falling 0.20%, Hong Kong’s Hang Seng index dropping 0.34%, China’s Shanghai Composite rising 1.13% and India’s BSE Sensex falling 0.70%.
Economics
- U.S. initial jobless claims declined by 4,000 to 203,000 in the third week of August, compared to market estimates of 208,000.
- U.S. wholesale inventories climbed by 1.3% month-over-month to $959.1 billion in July, following a revised 0.3% gain in June.
- The US goods trade deficit rose to $118.8 billion in July from $101.4 billion in the previous month.
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