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U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining over 200 points on Thursday.
The Dow traded up 1.03% to 41,513.10 while the NASDAQ rose 1.15% to 17,758.29. The S&P 500 also rose, gaining, 0.88% to 5,641.47.
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Leading and Lagging Sectors
Industrials shares climbed by 1.4% on Thursday.
In trading on Thursday, real estate shares fell by 0.6%.
Top Headline
Best Buy Co., Inc (NYSE:BBY) reported better-than-expected second-quarter financial results raised its FY25 earnings guidance on Thursday.
Best Buy reported fiscal second-quarter adjusted EPS of $1.34, beating the street view of $1.16. Quarterly sales of $9.29 billion beat the analyst consensus of $9.24 billion. The stock gained after the print.
Equities Trading UP
Equities Trading DOWN
Commodities
In commodity news, oil traded up 1.8% to $75.88 while gold traded up 0.7% at $2,556.10.
Silver traded up 2.4% to $29.905 on Thursday, while copper fell 0.1% to $4.2130.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.76%, Germany's DAX rose 0.69% and France's CAC 40 rose 0.84%. Spain's IBEX 35 Index rose 0.23%, while London's FTSE 100 rose 0.43%.
Annual inflation rate in Germany eased to 1.9% in August from 2.3% in July. The consumer confidence indicator in the Eurozone declined to -13.5 in August, versus earlier expectations of -13.4. The economic sentiment indicator in the Eurozone climbed to 96.6 in August from the revised 96 in the prior month
Asia Pacific Markets
Asian markets closed mixed on Thursday, with Japan's Nikkei 225 falling 0.02%, Hong Kong's Hang Seng Index gaining 0.53%, China's Shanghai Composite Index falling 0.50% and India's BSE Sensex rising 0.43%.
The consumer confidence index in Japan came in unchanged at 36.7 in August.
Economics
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