Crude oil falls more than 2%; US initial jobless claims fall – Concentrix (NASDAQ:CNXC)

US stocks were trading higher in mid-session, with the Dow Jones index gaining around 200 points on Thursday.

The Dow Jones rose 0.47% to 42,110.56 points, while the Nasdaq rose 0.19% to 18,117.40 points. The S&P 500 also rose, gaining 0.21% to 5,734.09 points.

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Leading and lagging sectors

Materials stocks rose 1.8% on Thursday.

In trading on Thursday, energy stocks fell 1.9%.

Main headline

Initial U.S. jobless claims fell 4,000 from the previous week to 218,000 for the period ending Sept. 21, compared with estimates of 225,000.

Shares are trading higher

• Telesis Bio, Inc. TBIO Shares rose 71% to $3.96 after the company announced a partnership with Beckman Coulter Life Sciences to revolutionize DNA and mRNA synthesis.
• Actions of Pasithea Therapeutic Corporation. KTTA got a boost, rising 66% to $6.37 after the company announced preliminary safety, tolerability, pharmacokinetic and efficacy data from the first 2 patient cohorts in its Phase 1 clinical trial of PAS-004.
• Adaptive Biotechnologies Corporation ADPT Shares also rose, gaining 25% to $5.00.

Shares are trading lower

• Concentrix Corporation CNXC Shares fell 16% to $53.65 following mixed third-quarter financial results.
• Actions of Ryde Group Ltd. RIVER fell 30% to $0.81 after the company announced a public offering of $4.5 million at $0.85 per share.
• MDxSalud SA MDXH The company's shares fell 21% to $2.00 after it announced the pricing of a $40 million offering of 20 million shares at $2.00 per share.

Raw materials

In commodities news, oil fell 2.4% to $68.00, while gold rose 0.2% to $2,688.80.

Silver rose 1.3% to $32.435 on Thursday, while copper rose 2.9% to $4.6195.

Eurozones

European stocks rose today. The eurozone's STOXX 600 gained 1.13%, Germany's DAX rose 1.52% and France's CAC 40 gained 2.08%. Spain's IBEX 35 index rose 1.39%, while London's FTSE 100 gained 0.12%.

Bank lending to eurozone households rose 0.6% year-on-year to €6.891 trillion in August, compared with a 0.5% increase in the previous month. GfK's consumer climate indicator for Germany rose to a reading of -21.2 for October, compared with a revised reading of -21.9 in the previous period.

Asia Pacific Markets

Asian markets closed mostly higher on Thursday, with Japan's Nikkei 225 up 2.79%, Hong Kong's Hang Seng index rising 4.16%, China's Shanghai Composite Index gaining 3.61% and India's BSE Sensex gaining 0.78%.

Hong Kong's trade deficit widened to $33.1 billion in August from $25.6 billion in the same month a year earlier.

Economic sciences

• U.S. core PCE prices rose 2.8% from the previous quarter during the second quarter, compared with a 3.7% increase in the prior period.
• U.S. durable goods orders were virtually unchanged from the previous month in August, compared with a revised 9.8% increase in the prior period.
• Initial U.S. jobless claims fell 4,000 from the previous week to 218,000 for the period ending Sept. 21, compared with estimates of 225,000.
• The U.S. economy expanded at a 3% annualized rate in the second quarter, compared with a revised 1.6% increase in the first quarter.
• U.S. pending home sales rose 0.6% from the previous month in August, versus market estimates for a 0.3% increase.
• U.S. natural gas inventories rose 47 billion cubic feet in the week ended Sept. 20, compared with market estimates of a gain of 52 billion cubic feet.

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