Midway through trading Thursday, the Dow traded up 0.75% to 27062.82 while the NASDAQ rose 0.23% to 8221.70. The S&P also rose, gaining 0.27% to 3,001.17.
Leading and Lagging Sectors
In trading on Thursday, real estate shares fell 1.3%.
Delta Air Lines, Inc. (NYSE: DAL) reported better-than-expected second-quarter results and raised its FY19 EPS forecast.
The company reported second-quarter earnings of $2.35 per share, which beat the analyst consensus estimate of $2.25. Delta Air Lines reported quarterly sales of $12.536 billion, which beat the analyst consensus estimate of $12.48 billion.
Delta Air raised its FY19 EPS to $6-$7 to $6.75-$7.25. The company said it expects Q3 EPS of $2.10-$2.40.
Equities Trading UP
Co-Diagnostics, Inc. (NASDAQ: CODX) shares shot up 41% to $1.23 after the company announced the launch of its Vector Smart NAM test to identify the presence of multiple diseases in mosquito populations. Shares of Immunic, Inc. (NASDAQ: IMUX) got a boost, shooting up 63% to $17.82 after Chardan Capital initiated coverage on the company's stock with a Buy rating and a $40 price target.
Revolution Lighting Technologies, Inc. (NASDAQ: RVLT) shares were also up, gaining 148% to $0.6169 after the company was granted an extension to remain listed on Nasdaq.
Equities Trading DOWN
Vislink Technologies, Inc. (NASDAQ: VISL) shares tumbled 53% to $1.92. Vislink Technologies announced pricing offering of common stock and warrants at $2 per share for total proceeds of $12 million.
Shares of Inuvo, Inc. (NYSE: INUV) were down 20% to $0.2955 after the company priced a 13.75 million share common stock offering at $0.30 per share.
Eyenovia, Inc. (NASDAQ: EYEN) was down, falling 11% to $2.75. Eyenovia priced its 4.39 million share common stock offering at $2.78 per share.
In commodity news, oil traded up 0.6% to $60.78, while gold traded up 0.1% to $1,413.80.
Silver traded down 0.1% Thursday to $15.205, while copper fell 0.3% to $2.686.
European shares were mixed today. The eurozone’s STOXX 600 fell 0.1%, the Spanish Ibex Index rose 0.3%, while Italy’s FTSE MIB Index gained 0.6%. Meanwhile, the German DAX dropped 0.33%, and the French CAC 40 fell 0.28% while UK shares fell 0.28%.
The Consumer Price Index increased 0.1% for June.
Initial jobless claims fell 13,000 to 209,000 in the latest week. However, economists were expecting a reading of 220,000.
Domestic supplies of natural gas gained 81 billion cubic feet for the week ended July 5, the U.S. Energy Information Administration reported. However, analysts expected a rise of 72 billion cubic feet.
The Treasury is set to auction 4-and 8-week bills at 1:00 p.m. ET.
New York Federal Reserve Bank President John Williams will speak in Albany, NY at 1:30 p.m. ET.
Federal Board of Governors Vice Chairman for Supervision Randal Quarles is set to speak in Washington, D.C. at 1:30 p.m. ET.
The U.S. Treasury budget report for June is schedule for release at 2:00 p.m. ET.
Data on money supply for the latest week will be released at 4:30 p.m. ET.
Minneapolis Federal Reserve Bank President Neel Kashkari will speak in Aberdeen, South Dakota at 5:00 p.m. ET.
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Profit with More New & Research. Gain access to a streaming platform with all the information you need to invest better today. Click here to start your 14 Day Trial of Benzinga Professional
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.