Crude Oil Rises 1%; US Jobless Claims Increase To 221,000

U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 200 points on Thursday.

The Dow traded up 0.03% to 43,743.75 while the NASDAQ rose 1.30% to 19,231.18. The S&P 500 also rose, gaining, 0.63% to 5,966.19.

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Leading and Lagging Sectors

Communication services shares surged by 1.7% on Thursday.

In trading on Thursday, financials shares fell by 1.4%.

Top Headline

U.S. initial jobless claims rose by 3,000 from the previous week to 221,000 in the final week of October, in-line with market expectations.

Equities Trading UP
                       

• AppLovin Corporation (NASDAQ:APP) shares shot up 43% to $241.00 after the company reported better-than-expected quarterly financial results.
• Shares of Emergent BioSolutions Inc. (NYSE:EBS) got a boost, surging 26% to $11.58 after the company announced it evaluated the safety and efficacy of its new clinical trial of Brincidofovir in treating Mpox across Africa. PANTHER will conduct a clinical trial under The Leadership of Africa Centres for Disease Control and Prevention.
• Dutch Bros Inc. (NYSE:BROS) shares were also up, gaining 34% to ...

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