US stocks traded higher this morning with the Dow Jones up more than 150 points on Thursday.
After Thursday’s market open, the Dow was up 0.57% to 30,595.97, while the NASDAQ was up 0.52% to 10,735.61. The S&P 500 was also up 0.26% to 3,704.67.
Also check the following: Market volatility increases when the Dow falls 100 points
Leading and lagging sectors
Communication services shares rose 0.9% on Thursday. lead the sector was power out AT&T Inc. T and Skillz Inc. SKLZ.
In Thursday’s trading, consumer discretionary stocks fell 1.2%.
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Initial jobless claims in the US fell 12,000 to 214,000 for the week ended October 15 compared to market estimates of 230,000.
Stock trading UP
- Super Micro Computers, Inc. SMCI Shares rose 16% to $64.23 after the company raised its first-quarter net sales guidance and revised its EPS forecast above estimates.
- shares of Diebold Nixdorf, Incorporated DBD received a boost, rising 13% to $3.0250 after the company announced it had entered into an agreement with major financial players to support debt refinancing to address certain near-term maturities and provide $400 million in additional funding.
- Telos Corporation TLS Shares were also higher, gaining 14% to $9.52. Needham held Telos with a buy and increased the price target to $13 from $10.
Stocks are trading down
- Talaris Therapeutics, Inc. VALLEY Shares fell 48% to $1.26 after the company announced it received a report of the death of a patient, triggering a pre-determined, temporary cessation request and review by the FREEDOM-1 Data Monitoring Committee.
- shares of Telefonaktiebolaget LM Ericsson Eric fell 17% to $5.34 after the company reported mixed third-quarter results.
- Amprius Technologies, Inc. AMPX fell 14% to $9.52. Amprius Technologies recently announced that it has received a $50 million cost-sharing grant from the US Department of Energy’s Office of Manufacturing and Energy Supply Chains.
