Toward the end of trading Thursday, the Dow traded up 0.95 percent to 26,657.75 while the NASDAQ climbed 1.01 percent to
8,030.68. The S&P also rose, gaining 0.78 percent to 2,930.62.
Leading and Lagging Sectors
Thursday afternoon, the materials shares rose 1.2 percent. Meanwhile, top gainers in the sector included Loma Negra
Compania Indl Argentina SA (NYSE: LOMA) up 17
percent, and Mechel PAO (NYSE: MTL) up 13
percent.
In trading on Thursday, industrials shares fell 0.07 percent.
Top Headline
Darden Restaurants, Inc. (NYSE: DRI)
reported better-than-expected earnings for its first quarter and raised its FY19 guidance.
Darden posted quarterly earnings of $1.34 per share on sales of $2.06 billion. However, analysts were expecting earnings of
$1.24 per share on sales of $2.03 billion.
Equities Trading UP
Ossen Innovation Co., Ltd. (NASDAQ: OSN)
shares shot up 23 percent to $2.42. Ossen Innovation posted 1H earnings of $0.24 per share on sales of $70 million.
Shares of Altimmune, Inc. (NASDAQ: ALT)
got a boost, shooting up 49 percent to $24.52 after surging 285.48 percent on Wednesday.
New Age Beverages Corporation (NASDAQ: NBEV) shares were also up, gaining 54 percent to $6.72 after surging 54.96 percent
on Wednesday.
Equities Trading DOWN
Stitch Fix, Inc. (NASDAQ: SFIX) shares
dropped 11 percent to $42.16. Piper Jaffray downgraded Stitch Fix from Overweight to Neutral.
Shares of Tilray, Inc. (NASDAQ: TLRY)
were down 21 percent to $170.17 after climbing 38.12 percent on Wednesday.
Thor Industries, Inc. (NYSE: THO) was
down, falling around 14 percent to $90.64 after the company reported weaker-than-expected profit for its fourth quarter.
Commodities
In commodity news, oil traded down 0.34 percent to $70.88 while gold traded up 0.18 percent to $1,210.50.
Silver traded up 0.14 percent Thursday to $14.30, while copper rose 0.53 to $2.744.
Eurozone
European shares closed higher today. The eurozone’s STOXX 600 rose 0.7 percent, the Spanish Ibex Index rose 1.03 percent, while
Italy’s FTSE MIB Index rose 0.51 percent. Meanwhile the German DAX climbed 0.88 percent, and the French CAC 40 rose 1.07 percent
while U.K. shares rose 0.49 percent.
Economics
Initial jobless claims declined 3,000 to 201,000 in the latest week. However, economists were expecting a 210,000 reading.
The Philly Fed manufacturing index climbed to 22.9 in September, compared to 11.9 in August. Economists projected a reading of
17.
Existing-home sales were flat in August, versus economists’ expectations for a 0.3 percent increase.
The index of leading economic indicators rose 0.4 percent for August.
Domestic supplies of natural gas gained 86 billion cubic feet for the week ended September 14, the U.S. Energy Information
Administration reported. Analysts expected a gain of 84 billion cubic feet.
Data on money supply for the recent week will be released at 4:30 p.m. ET.
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