U.S. stocks traded higher this morning, with the Dow Jones index gaining over 100 points on Thursday.
Following the market opening Thursday, the Dow traded up 0.25% to 42,070.99 while the NASDAQ climbed 0.37% to 17,817.11. The S&P 500 also rose, gaining, 0.28% to 5,689.83.
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Leading and Lagging Sectors
Consumer discretionary shares rose by 0.7% on Thursday.
In trading on Thursday, materials shares fell by 0.3%.
Top Headline
Shares of Accenture Plc (NYSE:ACN) fell more than 7% on Thursday after the company reported results for the second quarter.
The company reported second-quarter 2025 earnings of $2.82 per share, slightly above the consensus of $2.81. The company reported sales of $16.66 billion, almost in line with the consensus of $16.62 billion and management guidance of $16.2 billion–$16.8 billion.
Accenture narrowed its fiscal year 2025 revenue growth outlook to 5%-7% in local currency, compared to prior guidance of 4%-7%. The company forecasts 2025 diluted earnings of $12.55-$12.79 per share compared to the consensus of $12.90.
Equities Trading UP
- SAG Holdings Limited (NASDAQ:SAG) shares shot up 107% to $1.3995.
- Shares of Windtree Therapeutics, Inc. (NASDAQ:WINT)got a boost, surging 59% to $2.6900 after the company entered a license and supply agreement to become a sourcing partner for Evofem Biosciences for Evofem’s PHEXXI.
- OptiNose, Inc. (NASDAQ:OPTN) shares were also up, gaining 57% to $9.39 after Paratek Pharmaceuticals announced it will acquire the company in a deal worth $330 million.
Equities Trading DOWN
- Elevation Oncology, Inc. (NASDAQ:ELEV) shares dropped 47% to $0.2501 after the company announced the discontinued development of EO-3021.
- Shares of Benson Hill, Inc. (NASDAQ:BHIL) were down 45% to $0.3570 after the company filed for Chapter 11 bankruptcy.
- Adaptimmune Therapeutics plc (NASDAQ:ADAP) was down, falling 31% to $0.3088 after the company issued fourth-quarter and full year 2024 business update.
Commodities
In commodity news, oil traded up 0.5% to $67.50 while gold traded down 0.1% at $3,040.20.
Silver traded down 0.6% to $33.985 on Thursday, while copper fell 0.4% to $5.0815.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 0.4%, Germany's DAX 40 fell 1.2% and France's CAC 40 fell 0.8%. Spain's IBEX 35 Index fell 0.9%, while London's FTSE 100 slipped 0.1%.
Asia Pacific Markets
Asian markets closed mixed on Thursday, with China's Shanghai Composite Index falling 0.51%, Hong Kong's Hang Seng Index dipped 2.23% and India's BSE Sensex gaining 1.19%.
Economics
- U.S. existing home sales increased by 4.2% from the previous month to an annualized rate of 4.26 million homes in February.
- The U.S. current account deficit shrank by 2.0% to $303.9 billion in the fourth quarter, versus a revised deficit of $310.3 billion in the third quarter.
- U.S. initial jobless claims increased by 2,000 to 223,000 during the second week of March, compared to market estimates of 224,000.
- The Philadelphia Fed Manufacturing Index fell to 12.5 in March from 18.1 in the previous month, versus market estimates of 8.5.
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