Dow Surges 400 Points; Accenture Earnings Top Views
Avi Kapoor 10 months ago
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U.S. stocks traded higher this morning, with the Dow Jones index gaining around 400 points on Thursday.
The Dow traded up 0.84% to 48,289.58 while the NASDAQ jumped 1.53% to 23,040.25. The S&P 500 also rose, gaining, 1.09% to 6,794.36.
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Leading and Lagging Sectors
Consumer discretionary shares rose by 1.6% on Thursday.
In trading on Thursday, energy stocks fell by 0.8%.
Top Headline
Accenture (NYSE:ACN) posted better-than-expected first-quarter 2026 results on Thursday.
The company reported quarterly earnings of $3.94 per share, topping the analyst consensus estimate of $3.75. The company reported sales of $18.700 billion, slightly exceeding the analyst consensus estimate of $18.523 billion.
Equities Trading UP
- Athira Pharma Inc (NASDAQ:ATHA) shares shot up 88% to $7.76 after the company announced it has entered into an agreement to acquire the rights for the development and commercialization of lasofoxifene.
- Shares of Sable Offshore Corp (NYSE:SOC) got a boost, surging 58% to $8.36.
- FuelCell Energy Inc (NASDAQ:FCEL) shares were also up, gaining 32% to $10.39 after the company reported better-than-expected fourth-quarter financial results.
Equities Trading DOWN
- Mega Fortune Co Ltd (NASDAQ:MGRT) shares dropped 59% to $5.34.
- Shares of Pyxis Oncology Inc (NASDAQ:PYXS) were down 54% to $1.56. The company announced preliminary data from its ongoing Phase 1 clinical studies evaluating micvotabart pelidotin.
- Actelis Networks Inc (NASDAQ:ASNS) was down, falling 45% to $0.60 after the company announced the pricing of its $5 million public offering of 6.25 million shares or pre funded warrants with 6.25 million five-year warrants at $0.80.
Commodities
In commodity news, oil traded up 1% to $56.48 while gold traded down 0.2% at $4,364.50.
Silver traded down 1.1% to $66.160 on Thursday, while copper rose 0.1% to $5.4370.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.5%, while Spain's IBEX 35 Index rose 0.7%. London's FTSE 100 gained 0.1%, Germany's DAX 40 rose 0.5% and France's CAC 40 gained 0.4% during the session.
Asia Pacific Markets
Asian markets closed mixed on Thursday, with Japan's Nikkei falling 1.03%, Hong Kong's Hang Seng gaining 0.12%, China's Shanghai Composite rising 0.16% and India's BSE Sensex falling 0.09%.
Economics
- The Philadelphia Fed Manufacturing Index declined 8.5 points to a reading of -10.2 in December, compared to a reading of -1.7 in November and missing market estimates of -3.1.
- U.S. initial jobless claims fell by 13,000 from the previous week to 224,000 in the week ending Dec. 13.
- The annual inflation rate fell to 2.7% in December, recording the lowest level since July, versus market estimates of 3.1% and compared to 3% for September.
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