On Thursday, the Nasdaq Composite gained more than 200 points amidst mixed trading in US stocks.
While the Dow traded down 0.02% at 32,793.29, the NASDAQ rose 1.78% to 12,706.89. The S&P 500 also rose, gaining 0.96% at 4,154.71.
Check This Out: Over $5M Bet On Southwest Gas? Check Out These 4 Stocks Insiders Are Buying
- Information tech shares surged by 4.4% on Thursday. Top gainers in the sector included NVIDIA Corporation NVDA, up 27%, and Super Micro Computer, Inc. SMCI, up 24%.
- On Thursday, energy shares declined by 1.8%.
Top Headline
Best Buy Co Inc BBY, reported better-than-expected first-quarter earnings results.
Best Buy released its FY24 first-quarter report, showing a sales decline of 11.1% YoY to $9.47 billion, missing the analyst consensus estimate of $9.52 billion. However, non-GAAP EPS of $1.15 beat the market expectation of $1.11.
- Beamr Imaging Ltd. BMR shares rose 117% to $4.7767 after NVIDIA announced the release of NVENC Video Codec SDK 12.1, showcasing the integration with Beamr CABR.
- Shares of Kubient, Inc. KBNT surged, shooting up 54% to $0.7471. Kubient and Adomni have reported a definitive merger agreement.
- Wearable Devices Ltd. WLDS Stock was also up, by 278% to $1.65 after the company announced its Mudra Band for Apple Watches is available for preorder.
- Annexon, Inc. ANNX shares plummeted 59% to $2.1350 after the company’s announcement of the topline results from its ARCHER Phase 2 trial of ANX007 in patients with geographic atrophy (GA).
- Shares of Digital Turbine, Inc. APPS fell 43% to $8.23 after the company released mixed fourth-quarter financial results, and issued the first-quarter adjusted EPS and revenue guidance below market expectations.
- Biocept, Inc. BIOC Stock fell by 49% to $2.18 as the company reported the pricing of $5.0 million underwritten public offering.
Also Check This Out: Bitcoin Drops Following Economic Reports; Synthetix Becomes Top Loser
Commodities
In commodity news, crude oil traded down 3.4% at $71.78, while gold traded down 1% at $1,944.10.
Thursday saw silver trade down 1.4% at $22.905, while copper rose 0.9% to $3.5935.
Eurozone
European shares were lower on Thursday. While the eurozone’s STOXX 600 fell 0.32%, the FTSE 100 declined by 0.74%, Spain’s IBEX 35 Index fell by 0.52%, and the German DAX declined by 0.31%, the French CAC 40 fell by 0.33%, and Italy’s FTSE MIB Index fell by 0.44%. GfK Consumer Climate Indicator rose for an eighth month in a row to -24.2 heading into June. The producer prices in Spain dropped 4.5% YoY in April, versus a revised 1.4% decline in the prior month. The manufacturing climate indicator in France dropped for a third month to a reading of 99 in May. The German economy contracted by 0.3% in the first quarter.
Asia Pacific Markets
Asian markets closed mixed on Thursday, with Japan’s Nikkei 225 gaining 0.39%, Hong Kong’s Hang Seng Index falling to 1.93%, and China’s Shanghai Composite Index dropping to 0.11%. India’s S&P BSE Sensex rose by