US stocks traded almost unchanged in volatile trade on Thursday after the release of data on jobless claims.
The Dow rose 0.04% to 31,592.92 while the NASDAQ fell 0.07% to 11,783.70. The S&P 500 was also up 0.04% to 3,981.65.
Leading and lagging sectors
Healthcare stocks rose 0.9% on Thursday. Meanwhile top winner in the sector included Amylyx Pharmaceuticals, Inc. AMLXup to 56% and LifeStance Health Group, Inc. LFST increased by 26%.
In Thursday trading, shares in communications services fell 1.1%.
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Jobless claims fell to their lowest level since May for the fourth straight week, indicating continued strength in US labor demand. Jobless claims fell 6,000 to 222,000 in the week ended September 3 from a downwardly revised level of 228,000 the previous week, according to data released by the Labor Department on Thursday. The number was below the average of 240,000, according to economists’ estimates.
Stock trading UP
- ShiftPixy, Inc. PIXY Shares soared 98% to $22.15 after the company announced plans to spin off ShiftPixy Labs and distribute its digital securities to shareholders.
- shares of Amylyx Pharmaceuticals, Inc. AMLX received a boost, rising 54% to $27.65 after the FDA Advisory Committee decided that the available evidence of efficacy was sufficient to support approval of AMX0035 for the treatment of ALS. Citigroup and SVB Leerink have raised their price targets.
- Asana, Inc. ASAN Shares were also higher, gaining 22% to $23.28 after the company reported better-than-expected second-quarter results and issued strong sales guidance. RBC Capital and Citigroup have both raised their price targets on the stock.
Stocks are trading down
- Bilibili Inc. BILI Shares fell 17% to $19.65 after the second-quarter results.
- shares of MasterCraft Boat Holdings, Inc. MCFT declined 15% to $20.18. The company reported positive quarterly earnings but reported weak fiscal 23…
