Following the market opening Thursday, the Dow traded up 0.37% to 36,423.44 while the NASDAQ rose 0.12% to 15,206.73. The S&P also rose, gaining, 0.21% to 4,736.11.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 64,359,400 cases with around 866,890 deaths. India confirmed a total of at least 36,317,920 cases and 485,030 deaths, while Brazil reported over 22,718,600 COVID-19 cases with 620,410 deaths. In total, there were at least 317,843,630 cases of COVID-19 worldwide with more than 5,532,990 deaths.
Leading and Lagging Sectors
In trading on Thursday, health care shares fell by 1.1%.
Delta Air Lines, Inc. (NYSE:DAL) reported better-than-expected results for its fourth quarter.
Delta Air Lines posted quarterly earnings of $0.22 per share, beating analysts’ estimates of $0.13 per share. The company’s quarterly sales came in at $9.47 billion, versus expectations of $9.14 billion.
Equities Trading UP
Takung Art Co., Ltd. (NASDAQ:TKAT) shares shot up 23% to $4.31. Traders are circulating earlier news that China is looking to separate NFTs from crypto via new blockchain infrastructure.
Shares of Dave Inc. (NASDAQ:DAVE) got a boost, shooting 24% to $6.46.
KB Home (NYSE:KBH) shares were also up, gaining 13% to $47.98 after the company reported better-than-expected Q4 EPS results and issued FY22 housing revenue guidance.
Check out these big movers of the day
Equities Trading DOWN
Virgin Galactic Holdings, Inc. (NYSE:SPCE) shares tumbled 15% to $10.49 after the company announced a proposed convertible senior notes offering.
Shares of Denali Therapeutics Inc. (NASDAQ:DNLI) were down 14% to $33.04. The FDA issued a clinical hold on Denali Therapeutics’ Investigational New Drug (IND) application for DNL919 (ATV:TREM2).
GreenTree Hospitality Group Ltd. (NYSE:GHG) was down, falling 11% to $7.48 after the company posted results for the third quarter.
In commodity news, oil traded down 0.1% to $82.63, while gold traded down 0.5% to $1,817.80.
Silver traded down 0.3% Thursday to $23.15 while copper fell 0.8% to $4.5405.
European shares were slightly higher today. The eurozone’s STOXX 600 gained 0.1%, London’s FTSE 100 rose 0.1%, while Spain’s IBEX 35 Index rose 0.3%. The German DAX gained 0.1%, French CAC 40 fell 0.6% and Italy’s FTSE MIB Index gained 0.4%.
Italy’s industrial production rose 1.9% from a month ago in November following a revised 0.5% decline in the prior month.
US initial jobless claims rose by 23 thousand from the previous week to 230 thousand in the recent week.
The Producer Price Index rose 0.2% for December following a revised 1% rise in the previous month.
The Energy Information Administration’s weekly report on natural gas stocks in underground storage is scheduled for release at 10:30 a.m. ET.
The Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.
Federal Reserve Bank of Richmond President Thomas Barkin is set to speak at 12:00 p.m. ET.
Chicago Fed President Charles Evans will speak at 1:00 p.m. ET.
The Treasury will auction 30-year bonds at 1:00 p.m. ET.
Check out the full economic calendar here