Nasdaq Surges 250 Points; Crude Oil Rises Sharply

U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite jumping 250 points following the release of data on initial jobless claims. The Dow traded up 1.04% to 31,359.65 while the NASDAQ rose 2.24% to 11,616.84. The S&P also rose, gaining, 1.47% to 3,901.54. Also check this: U.S. Trade Deficit Might Shrink This Much In May, Here's The Major Macro Issues For Thursday Leading and Lagging Sectors Energy shares rose by 3.7% on Thursday. Meanwhile, top gainers in the sector included SEACOR Marine Holdings Inc. (NYSE: SMHI ), up 15% and SilverBow Resources, Inc. (NYSE: SBOW ) up 16%. In trading on Thursday, consumer staples shares dipped by 0.4%. 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 78% to $7.11 amid news the company's products will now be available in Kohl's ... Full story available on Benzinga.com