U.S. stocks traded higher midway through trading, with the Dow Jones jumping more than 200 points following the release of data on initial jobless claims.
The Dow traded up 0.77% to 31,275.90 while the NASDAQ rose 1.71% to 11,556.29. The S&P also rose, gaining, 1.13% to 3,888.56.
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Leading and Lagging Sectors
Energy shares rose by 3.7% on Thursday. Meanwhile, top gainers in the sector included Consumer Staples (NYSE: CPG ), up 14% and Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT ) up 13%.
In trading on Thursday, consumer staples shares dipped by 0.3%.
Top Headline
Samsung Electronics Co, Ltd (OTC: SSNLF ) announced its earnings guidance for the second quarter of 2022.
Samsung expects consolidated sales of 77 trillion Korean won, up 20.9% year on year (versus actual sales of 63.67 trillion Korean won in Q2 2021). It expects a consolidated operating profit of 14 trillion Korean won, up 11.4% Y/Y (versus an actual operating profit of 12.57 trillion Korean won in Q2 2021).
Equities Trading UP
Grove Collaborative Holdings, Inc. (NYSE: GROV ) shares shot up 60% to $6.41 amid news the company's products will now be available in Kohl's (NYSE: KSS ), Midwest-based Meijer and also ...
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