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Mid-Afternoon Market Update: Dow Rises Over 50 Points; Adaptive Biotechnologies Shares Spike Higher


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Toward the end of trading Thursday, the Dow traded up 0.21% to 26591.97 while the NASDAQ rose 0.73% to 7,967.52. The S&P also rose, gaining 0.49% to 2,928.04.

Leading and Lagging Sectors

Financial shares rose 1% on Thursday. Meanwhile, top gainers in the sector included OFG Bancorp (NYSE: OFG ), up 14%, and Lyons Bancorp Inc. (OTC: LYBC ), up 15%.

In trading on Thursday, energy shares fell 0.2%.

Top Headline

Walgreens Boots Alliance Inc (NASDAQ: WBA ) posted upbea t earnings for its third quarter.

Walgreens Boots Alliance reported third-quarter earnings of $1.47 per share, which beat the analyst consensus estimate of $1.43. The company reported quarterly sales of $34.591 billion, which beat the analyst consensus estimate of $34.47 billion.

Equities Trading UP

Cemtrex, Inc. (NASDAQ: CETX ) shares shot up 121% to $4.0490 after the company's electronic manufacturing services unit won a $6 million in new orders over the last few months.

Shares of Adaptive Biotechnologies Corporation (NASDAQ: ADPT ) got a boost, shooting up 99% to $39.72 after pricing 15 million share IPO at $20 per share.

ASV Holdings, Inc. (NASDAQ: ASV ) shares were also up, gaining 284% to $6.79 after the company reported a merger deal with Yanmar Holdings at $7.05 per share in cash.

Equities Trading DOWN

XpresSpa Group, Inc. (NASDAQ: XSPA ) shares tumbled 58% to $1.9701 after a third amendment to outstanding secured convertible notes due November 17, 2019, resulting in added 941,000 shares to outstanding common stock count.

Shares of Aclaris Therapeutics, Inc. (NASDAQ: ACRS ) were down 49% to $2.2820 after the company reported Phase 2 Trial results for ATI-502 did not meet its primary or secondary endpoints.

Zynex, Inc. (NASDAQ: ZYXI ) was down, falling 18% to $8.65 after reporting a 16.66 million share common stock offering via selling shareholders.

Commodities

In commodity news, oil traded up 0.1% to $59.40, while gold traded down 0.3% to $1,411.10.

Silver traded down 0.7% Thursday to $15.19, while copper rose 0.2% to $2.7185.

Euro zone

European shares closed mostly lower today. The eurozone's STOXX 600 rose 0.01%, the Spanish Ibex Index fell 0.1%, while Italy's FTSE MIB Index gained 0.26%. Meanwhile, the German DAX gained 0.21%, and the French CAC 40 fell 0.13% while UK shares fell 0.19%.

Economics

The U.S. grew its gross domestic product by 3.1% in the first quarter of 2019, up from just 2.2% growth in the fourth quarter of 2018. Economists were projecting a growth of 3.1%.

Initial jobless claims rose 10,000 to 227,000 last week. However, analysts were expecting a reading of 220,000.

The pending home sales index rose 1.1% for May, versus economists' expectations for a 1.1% increase.

Domestic supplies of natural gas climbed 98 billion cubic feet for the week ended June 21, the U.S. Energy Information Administration reported. However, analysts projected a gain of 100 billion cubic feet.

Data on farm prices for May will be released at 3:00 p.m. ET.

Data on money supply for the recent week will be released at 4:30 p.m. ET.

© 2019 Benzinga.com. Benzinga does not provide investment advice . All rights reserved.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: Investing , Commodities
Referenced Symbols: OFG , ZYXI , LYBC , ADPT , WBA



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