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U.S. stocks traded higher midway through trading, with the Dow Jones index surging over 100 points on Thursday.
The Dow traded up 0.32% to 38,024.10 while the NASDAQ rose 0.74% to 15,720.29. The S&P 500 also rose, gaining, 0.31% to 5,033.86. .
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Leading and Lagging Sectors
Information technology shares rose by 1% on Thursday.
In trading on Thursday, materials shares fell by 1%.
Top Headline
ConocoPhillips (NYSE:COP) reported downbeat earnings for its first quarter.
ConocoPhillips posted adjusted earnings of $2.03 per share, missing market estimates of $2.04 per share. The company's quarterly sales came in at $14.476 billion versus expectations of $15.047 billion.
Equities Trading UP
Equities Trading DOWN
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Commodities
In commodity news, oil traded down 0.2% to $78.81 while gold traded down 0.1% at $2,310.90.
Silver traded up 0.9% to $26.99 on Thursday, while copper fell 0.9% to $4.5055.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 fell 0.19%, Germany's DAX fell 0.21% and France's CAC 40 fell 0.75%. Spain's IBEX 35 Index gained 0.03%, while London's FTSE 100 rose 0.60%.
The HCOB Eurozone manufacturing PMI edged higher to 45.7 in April versus the preliminary reading of 45.6. Germany's manufacturing PMI climbed to 42.5 in April from 41.9 in the prior month, while French manufacturing PMI declined to 45.3 in April versus 46.2 in March.
Asia Pacific Markets
Asian markets closed mostly higher on Wednesday, with Japan's Nikkei 225 falling 0.10%, Hong Kong's Hang Seng Index jumping 2.5% and S&P BSE Sensex gaining 0.17%.
Hong Kong's economy grew 2.7% year-over-year in the first quarter compared to a 4.3% increase in the prior period, while the Hong Kong Monetary Authority kept its base rate unchanged at 5.75%.
The HSBC India manufacturing PMI was revised lower to 58.8 in April compared to preliminary reading of 59.1. The consumer confidence index for Japan fell to 38.3 in April versus 39.5 a month ago.
Economics
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