U.S. stocks traded higher during Thursday’s mid-session, with the Nasdaq Composite climbing approximately 100 points.
The Dow rose 0.06% to 50,936.24, while the NASDAQ increased 0.37% to 26,960.69. The S&P 500 also saw gains, rising 0.30% to 7,674.30.
Leading and Lagging Sectors
Energy stocks moved higher by 1.3% on Thursday.
During Wednesday’s session, the health care sector declined by 1.2%.
Top Headline
The ISM manufacturing PMI fell to 54.5 in financial results and provided FY27 sales guidance that exceeded analyst estimates.
Veea Inc (NASDAQ:VEEA) shares also traded higher, rising 43% to $3.10 after the company revealed a deal with TROLLEE Holdings to deploy VeeaONE solutions across 1,000 unattended retail locations in phases.
Equities Trading DOWN
Corteva Inc (NYSE:CTVA) shares dropped 84% to $12.15 after finalizing the spin-off of its Vylor advanced seed and genetics division.
Sigma Lithium Corp (NASDAQ:SGML) shares fell 16% to $7.88 after BMO Capital downgraded the stock from Outperform to Market Perform and set a $10 price target.
Foghorn Therapeutics Inc (NASDAQ:FHTX) shares declined 30% to $2.50 after the company and Lilly opted not to move FHD-909 into the expansion phase, effectively ending their SMARCA2 degrader partnership.
Commodities
In the commodities market, oil prices rose 1.7% to $91.91, while gold ticked up 0.1% to $4,192.70.
Silver prices increased 0.8% to $61.030 on Thursday, whereas copper saw a decline of 0.8% to $6.5720.
Euro zone
European markets traded lower today. The eurozone’s STOXX 600 fell 1.2%, Spain’s IBEX 35 Index dropped 2%, London’s FTSE 100 declined 1.7%, Germany’s DAX slipped 0.9%, and France’s CAC 40 retreated 1.5%.
Asia Pacific Markets
Asian markets finished the day mixed; Japan’s Nikkei 225 jumped 3.3%, while India’s BSE Sensex declined 0.79%.
Economics
The ISM manufacturing PMI fell to 54.5 in September from 54.6 in August, compared to market estimates of 55.
Construction spending rose 0.9% month-over-month to an annual rate of $2,203 billion in August, following a revised 0.1% decline in July.
The S&P Global manufacturing PMI dropped to 55.9 in September, down from the preliminary reading of 57.0.
U.S. jobless claims decreased by 1,000 to 197,000 for the week ending Sept. 26, coming in below the market forecast of 200,000.
U.S. natural-gas inventories grew by 64 billion cubic feet during the week ending Sept. 25.
