Midway through trading, the Dow traded down 0.08% to 33,420.24 while the NASDAQ rose 0.71% to 13,786.47. The S&P also rose, gaining 0.22% to 4,089.10.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 30,923,840 cases with around 559,110 deaths. Brazil reported over 13,193,200 COVID-19 cases with 340,770 deaths, while India confirmed a total of at least 12,928,570 cases and 166,860 deaths. In total, there were at least 133,279,950 cases of COVID-19 worldwide with more than 2,891,010 deaths, according to data compiled by Johns Hopkins University.
Leading and Lagging Sectors
Information technology shares rose 1% on Thursday. Meanwhile, top gainers in the sector included American Virtual Cloud Technologies, Inc. AVCT 21.51%, up 23%, and PAR Technology Corporation PAR 24.72%, up 24%.
In trading on Thursday, energy shares fell 1.9%.
Conagra Brands, Inc. CAG 1.51% reported better-than-expected earnings for its third quarter.
Conagra reported quarterly earnings of $0.59 per share, beating analysts’ estimates of $0.58 per share. The company’s quarterly sales came in at $2.77 billion, versus expectations of $2.72 billion.
Conagra Brands said it sees Q4 EPS of $0.49-$0.55, versus analysts’ estimates of $0.51 per share.
Equities Trading UP
Century Bancorp, Inc. CNBKA 24.95% shares shot up 25% to $114.25. Eastern Bankshares, Inc. and Century Bancorp, announced they have entered into a definitive all-cash merger agreement.
Shares of ORBCOMM Inc. ORBC 51.98% got a boost, shooting 51% to $11.45. GI Partners has agreed to acquire Internet of Things (IoT) solutions provider ORBCOMM for $1.1 billion, including net debt.
Rice Acquisition Corp. RICE 38.08% shares were also up, gaining 37% to $13.80 after the company announced a merger agreement to combine Aria Energy and Archaea Energy into the industry-leading renewable natural gas platform.
Check out these big movers of the day
Equities Trading DOWN
United Time Technology Co., Ltd. UTME 35.26% shares tumbled 36% to $52.28 after jumping 110% on Wednesday. The company recently priced its IPO at $4 per share.
Shares of Astrotech Corporation ASTC 29.86% were down 31% to $1.5350 after the company reported a $10 million direct offering of its common stock.
Apogee Enterprises, Inc. APOG 9.88% was down, falling 8% to $36.15 after the company reported downbeat Q4 sales and issued weak FY22 earnings forecast.
In commodity news, oil traded down 0.6% to $59.39, while gold traded up 1% to $1,758.30.
Silver traded up 1.4% Thursday to $25.595 while copper rose 0.7% to $4.0830.
European shares were mixed today. The eurozone’s STOXX 600 rose 0.35%, the Spanish Ibex Index rose 0.01% and the German DAX 30 slipped 0.09%. Meanwhile, the French CAC 40 rose 0.38%, London’s FTSE 100 rose 0.36% and Italy’s FTSE MIB fell 0.74%.
French construction PMI surged to 49.7 from 44, while current account deficit widened to EUR 2.6 billion in February from a revised EUR 2 billion gap in the prior month. French trade deficit increased to EUR 5.25 billion in February from a revised EUR 4.2 billion gap in January.
US initial jobless claims climbed to 744,000 in the April 3rd week, from a revised reading of 728,000 last week.
US natural-gas supplies gained 20 billion cubic feet last week, the Energy Information Administration said.
Minneapolis Fed President Neel Kashkari is set to speak at 2:00 p.m. ET.
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