Toward the end of trading Thursday, the Dow traded up 0.03% to 36,301.73 while the NASDAQ fell 1.67% to 14,934.36. The S&P also fell, dropping, 0.77% to 4,689.96.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 64,359,400 cases with around 866,890 deaths. India confirmed a total of at least 36,317,920 cases and 485,030 deaths, while Brazil reported over 22,718,600 COVID-19 cases with 620,410 deaths. In total, there were at least 317,843,630 cases of COVID-19 worldwide with more than 5,532,990 deaths.
Leading and Lagging Sectors
In trading on Thursday, information technology shares fell by 1.5%.
Delta Air Lines, Inc. (NYSE: DAL) reported better-than-expected results for its fourth quarter.
Delta Air Lines posted quarterly earnings of $0.22 per share, beating analysts’ estimates of $0.13 per share. The company’s quarterly sales came in at $9.47 billion, versus expectations of $9.14 billion.
Equities Trading UP
Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) shares shot up 7% to $141.60 after the company released results for its fourth quarter on Thursday. The world’s largest chipmaker said its profit surged 16.4% to $5.98 billion, helped by rising demand for semiconductors.
Shares of BTCS Inc. (NASDAQ: BTCS) got a boost, shooting 15% to $7.69. BTCS added Algorand to its blockchain infrastructure operations. The company announced on January 5 its dividend would be payable in Bitcoin.
KB Home (NYSE: KBH) shares were also up, gaining 14% to $48.17 after the company reported better-than-expected Q4 earnings results and issued FY22 housing revenue guidance.
Equities Trading DOWN
Virgin Galactic Holdings, Inc. (NYSE: SPCE) shares tumbled 18% to $10.14 after the company announced a proposed convertible senior notes offering. Virgin Galactic intends to offer $425 million of convertible senior notes due 2027 in a private offering to institutional investors.
Shares of E2open Parent Holdings, Inc. (NYSE: ETWO) were down 12% to $8.54. E2open reported an adjusted gross profit of $103.4 million for the third quarter, up from $89.6 million in the year-ago period. Its non-GAAP revenue also climbed to $147.4 million from $129.5 million. E2open raised its FY22 adjusted sales guidance to $474 million to $476 million.
Denali Therapeutics Inc. (NASDAQ: DNLI) was down, falling 13% to $33.54. The FDA issued a clinical hold on Denali Therapeutics’ Investigational New Drug (IND) application for DNL919 (ATV:TREM2).
In commodity news, oil traded down 0.1% to $82.62, while gold traded down 0.4% to $1,819.40.
Silver traded down 0.1% Thursday to $23.195 while copper fell 0.9% to $4.5345.
European shares closed mostly higher today. The eurozone’s STOXX 600 slipped 0.03%, London’s FTSE 100 rose 0.16%, while Spain’s IBEX 35 Index rose 0.53%. The German DAX gained 0.13%, French CAC 40 fell 0.50% and Italy’s FTSE MIB Index gained 0.47%.
Italy’s industrial production rose 1.9% from a month ago in November following a revised 0.5% decline in the prior month.
US initial jobless claims rose by 23 thousand from the previous week to 230 thousand in the recent week.
The Producer Price Index rose 0.2% for December following a revised 1% rise in the previous month.
US natural-gas supplies dropped 179 billion cubic feet last week, the Energy Information Administration said.
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