U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 100 points on Thursday.
Following the market opening Thursday, the Dow traded up 0.32% to 44,398.39 while the NASDAQ rose 0.42% to 20,817.71. The S&P 500 also rose, gaining, 0.27% to 6,280.57.
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Leading and Lagging Sectors
Industrials shares jumped by 0.8% on Thursday.
In trading on Thursday, health care stocks dipped by 1.3%.
Top Headline
PepsiCo, Inc. (NASDAQ:PEP) reported better-than-expected second-quarter results.
The company registered second-quarter adjusted earnings per share of $2.12, beating the analyst consensus estimate of $2.03.
Quarterly sales of $22.726 billion (+1% year over year) outpaced the Street view of $22.292 billion.
PepsiCo raised its full-year 2025 adjusted earnings per share (EPS) guidance from $7.92 to $8.04, exceeding the Street estimate of $7.88.
Equities Trading UP
- Volcon, Inc. (NASDAQ:VLCN) shares shot up 286% to $35.59 after the company announced a $500 million private placement and said it plans to use at least 95% of the proceeds to acquire Bitcoin as its primary treasury reserve asset.
- Shares of Windtree Therapeutics, Inc. (NASDAQ:WINT) got a boost, surging 56% to $1.4001. Windtree recently entered a securities purchase agreement to support its BNB crypto treasury strategy.
- Marker Therapeutics, Inc. (NASDAQ:MRKR) shares were also up, gaining 74% to $2.78.
Equities Trading DOWN
- LQR House Inc. (NASDAQ:YHC) shares dropped 40% to $6.47 amid reports that the company and its board were named in a lawsuit regarding the breach of fiduciary duty.
- Shares of CareDx, Inc (NASDAQ:CDNA) were down 35% to $12.53.
- GameSquare Holdings, Inc. (NASDAQ:GAME) was down, falling 31% to $1.6050 after the company announced a $70 million public offering.
Commodities
In commodity news, oil traded up 03% to $66.56 while gold traded down 1.1% at $3,323.50.
Silver traded down 0.4% to $37.955 on Thursday, while copper fell 0.8% to $5.4830.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 climbed 0.9%, while Spain’s IBEX 35 Index rose 0.7%. London’s FTSE 100 rose 0.6%, Germany’s DAX 40 gained 1.2% and France’s CAC 40 gained 1.3% during the session.
Asia Pacific Markets
Asian markets closed mixed on Thursday, with Japan’s Nikkei gaining 0.60%, Hong Kong’s Hang Seng falling 0.08%, China’s Shanghai Composite gaining 0.37% and India’s BSE Sensex falling 0.45%.
Economics
- The NAHB/Wells Fargo Housing Market Index rose to 33 in July from 32 in the previous month, matching market estimates.
- U.S. business inventories came in unchanged month-over-month for May.
- The Philadelphia Fed Manufacturing Index climbed to 15.9 in July, hitting its highest level since February.
- U.S. initial jobless claims declined by 7,000 from the previous week to 221,000 in the recent week, compared to market expectations of 235,000.
- U.S. retail sales rose 0.6% month-over-month in June, topping market expectations of a 0.1% increase.
- U.S. export prices increased 0.5% month-over-month in June, while import prices rose 0.1% in June.
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