Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

US Stocks Higher; Initial Jobless Claims Fall To 202,000

Author: Avi Kapoor | December 14, 2023 10:40am

U.S. stocks traded higher this morning, following the release of economic reports on Thursday.

Following the market opening Thursday, the Dow traded up 0.24% to 37,180.82 while the NASDAQ rose 0.60% to 14,822.95. The S&P 500 also rose, gaining, 0.50% to 4,730.68.

Check This Out: 'Wait For A Pullback — You're Late To The Party': Jim Cramer Says About This Tech Stock

 

Leading and Lagging Sectors

 

Energy shares rose by 2.5% on Thursday.

In trading on Thursday, consumer staples shares fell by 0.7%.

 

Top Headline

 

U.S. initial jobless claims fell by 19,000 to 202,000 in the week ending Dec. 9, well below market estimates of 220,000.

 

Equities Trading UP

 

Freight Technologies, Inc. (NASDAQ:FRGT) shares shot up 392% to $1.33 after the company announced Amazon Mexico renewed its selection of Fr8App for its logistical solutions.

Shares of XBP Europe Holdings, Inc. (NASDAQ:XBP) got a boost, surging 80% to $10.20 after declining around 20% on Wednesday.

Nxu, Inc. (NASDAQ:NXU) shares were also up, gaining 51% to $0.0294 after the company signed a letter of intent outlining investment in Lynx Motors.

 

Equities Trading DOWN

 

Amtech Systems, Inc. (NASDAQ:ASYS) shares dropped 28% to $4.28 after the company reported worse-than-expected fourth-quarter sales results and issued first-quarter sales guidance below estimates.

Shares of NextCure, Inc. (NASDAQ:NXTC) were down 28% to $1.0501 after the company issued year-end clinical pipeline updates.

Cepton, Inc. (NASDAQ:CPTN) was down, falling 26% to $2.94 after the company posted downbeat third-quarter sales and issued weak FY23 revenue forecast. Craig-Hallum downgraded Cepton from Buy to Hold.

Also Check This Out: Around $589M Bet On Occidental Petroleum? Check Out These 4 Stocks Insiders Are Buying

 

Commodities

 

In commodity news, oil traded up 3.1% to $71.59 while gold traded up 2.7% at $2,051.30.

Silver traded up 6.4% to $24.38 on Thursday while copper rose 2.9% to $3.8960.

 

Euro zone

 

European shares were higher today. The eurozone’s STOXX 600 climbed 1.2%, London’s FTSE 100 rose 1.6% while Spain’s IBEX 35 Index rose 1.1% The German DAX rose 0.7% French CAC 40 jumped 1.1%, while Italy’s FTSE MIB Index rose 0.4%.

The ECB kept interest rates unchanged for the second straight meeting, while the Bank of England held its benchmark interest rate at 5.25% for the third straight time.

Spain's consumer price inflation fell to 3.2% year-over-year in November from 3.5% in the prior month.

 

Asia Pacific Markets

 

Asian markets closed mixed on Thursday, with Japan’s Nikkei 225 falling 0.73%, Hong Kong’s Hang Seng Index gaining 1.07% and China’s Shanghai Composite Index falling 0.33%. India’s S&P BSE Sensex, meanwhile, rose 1.3%.

Manufacturing production in Hong Kong rose 4.4% year-over-year in the third quarter compared to a revised 2.7% rise in the prior period. The Hong Kong Monetary Authority (HKMA) held its base rate at 5.75% at its recent meeting.
Indian wholesale prices rose by 0.26 percent year-over-year in November. Japan’s industrial production growth was revised higher to 1.3% month-over-month in October versus a flash reading of 1.0%.

 

Economics

 

U.S. initial jobless claims fell by 19,000 to 202,000 in the week ending Dec. 9, well below market estimates of 220,000.

Export prices in the U.S. declined 0.9% month-over-month in November, while import prices declined by 0.4% in November.

Retail sales in the U.S. rose by 0.3% month-over-month in November following a revised 0.2% decline in October.

Now Read This: Top 4 Consumer Stocks That You May Want To Dump In Q4

Posted In: ASYS CPTN FRGT NXTC NXU XBP

CLASS ACTION DEADLINES - JOIN NOW!

NEW CASE INVESTIGATION

CORE Finalist