U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite jumping 250 points following the release of data on initial jobless claims.
The Dow traded up 1.04% to 31,359.65 while the NASDAQ rose 2.24% to 11,616.84. The S&P also rose, gaining, 1.47% to 3,901.54.
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Leading and Lagging Sectors
Energy shares rose by 3.7% on Thursday. Meanwhile, top gainers in the sector included SEACOR Marine Holdings Inc. (NYSE: SMHI ), up 15% and SilverBow Resources, Inc. (NYSE: SBOW ) up 16%.
In trading on Thursday, consumer staples shares dipped by 0.4%.
Top Headline
Samsung Electronics Co, Ltd (OTC: SSNLF ) announced its earnings guidance for the second quarter of 2022.
Samsung expects consolidated sales of 77 trillion Korean won, up 20.9% year on year (versus actual sales of 63.67 trillion Korean won in Q2 2021). It expects a consolidated operating profit of 14 trillion Korean won, up 11.4% Y/Y (versus an actual operating profit of 12.57 trillion Korean won in Q2 2021).
Equities Trading UP
Grove Collaborative Holdings, Inc. (NYSE: GROV ) shares shot up 78% to $7.11 amid news the company's products will now be available in Kohl's ...
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