Toward the end of trading Thursday, the Dow traded up 0.69% to 28942.73 while the NASDAQ rose 0.74% to 9196.68. The S&P also rose, gaining 0.60% to 3272.53.
Leading and Lagging Sectors
In trading on Thursday, real estate shares rose by just 0.1%.
Apple Inc. (NASDAQ: AAPL) reported strong holiday sales.
Apple said its App Store customers had spent $1.42 billion between Christmas Day and New Year’s Eve, representing 16% growth versus the same period last year. Apple customers spent $386 million on New Year’s Day alone, setting a new single-day record.
Equities Trading UP
Genetic Technologies Limited. (NASDAQ: GENE) shares shot up 25% to $4.08.
Shares of Applied Genetic Technologies Corporation (NASDAQ: AGTC) got a boost, shooting up 107% to $8.61 after the company released a positive midstage readout for its gene therapy to treat an inherited eye disorder. he Cambridge, Massachusetts-based company said six-month data from an ongoing Phase 1/2 study that is evaluating its AAV-based gene therapy in X-linked retinitis pigmentosa (XLRP) showed the product candidate produced durable improvement in visual function six months after dosing.
ADMA Biologics Inc (NASDAQ: ADMA) shares were also up, gaining 23% to $4.56 after the company reported preliminary Q4 results.
Equities Trading DOWN
Tufin Software Technologies Ltd (NYSE: TUFN) shares tumbled 24% to $13.02 after the company announced Q4 sales of $29.5 million-$30.1 million compared to the previous range of $34 million-$38 million.
Shares of Can-Fite BioPharma Ltd. (NYSE: CANF) were down 21% to $2.7480. Can-Fite announced exercise of warrants for cash proceeds of $2.4 million.
Bed Bath & Beyond Inc. (NASDAQ: BBBY) was down, falling 18% to $13.65 after declining 25.78% after the company reported weaker-than-expected results for its third quarter. The company expects sales and profitability to remain pressured and withdrew its 2019 fiscal year guidance.
In commodity news, oil traded down 0.1% to $59.61, while gold traded down 0.4% to $1,553.60.
Silver traded down 1.3% Thursday to $17.94, while copper fell 0.5% to $2.798.
European shares closed higher today. The eurozone’s STOXX 600 gained 0.31%, the Spanish Ibex Index fell 0.10%, while Italy’s FTSE MIB Index gained 0.77%. Meanwhile, the German DAX gained 1.31%, and the French CAC 40 rose 0.19% while UK shares rose 0.31%.
Initial jobless claims fell 9,000 to 214,000 in the seven days ended January 4.
Domestic supplies of natural gas dropped 44 billion cubic feet for the week ended January 3, the U.S. Energy Information Administration reported. However, analysts were projecting a decline of 50 billion cubic feet.
Data on money supply for the recent week will be released at 4:30 p.m. ET.