Following the market opening Thursday, the Dow traded down 0.20% to 26067.74 while the NASDAQ rose 0.28% to 9938.02. The S&P also rose, gaining 0.01% to 3113.72.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 2,163,290 cases with around 117,710 deaths. Brazil confirmed a total of over 955,370 COVID-19 cases with 46,510 deaths, while Russia reported a total of at least 560,270 confirmed cases and 7,630 deaths. In total, there were at least 8,367,890 cases of COVID-19 worldwide with over 449,390 deaths, according to data compiled by Johns Hopkins University.
Leading and Lagging Sectors
Energy shares climbed 1.1% on Thursday. Meanwhile, top gainers in the sector included Dynagas LNG Partners LP DLNG, up 9%, and Chesapeake Energy Corporation CHK, up 4%.
In trading on Thursday, real estate shares fell 0.9%.
Top Headline
Kroger Co KR reported better-than-expected results for its first quarter.
Kroger reported quarterly earnings of $1.22 per share on Thursday, which beat the analyst consensus estimate of $1.09. The company reported quarterly sales of $41.55 billion, which surpassed the consensus estimate of $40.72 billion.
Equities Trading UP
Alpine Immune Sciences, Inc. ALPN shares shot up 101% to $9.79 after the company reported a licensing deal with AbbVie for the development and commercialization of its ALPN-101. The company expects to receive $60 million upfront and is eligible for up to $805 million.
Shares of Eloxx Pharmaceuticals, Inc. ELOX got a boost, shooting 16% to $3.54 after the company disclsoed that enrollment in its Phase 2 trial for ELX-02 has resumed in Israel and Europe. It was on pause due to the Covid-19 pandemic.
Rexahn Pharmaceuticals, Inc. REXN shares were also up, gaining 24% to $3.52 after Ocuphire Pharma, Inc. announced plans to merge with a wholly-owned subsidiary of Rexahn in an all-stock deal.
Equities Trading DOWN
Art's-Way Manufacturing Co., Inc. ARTW shares tumbled 33% to $2.68.
Shares of Leap Therapeutics, Inc. LPTX were down 21% to $2.00 after the company priced its common stock offering at $2 per share for $45 million in gross proceeds.
IDEAYA Biosciences, Inc. IDYA was down, falling 21% to $14.75 after the company priced its 6.6 million share public offering of common stock at $15.50 per share.
Commodities
In commodity news, oil traded up 1% to $38.34, while gold traded down 0.1% to $1,733.20.
Silver traded up 0.2% Thursday to $17.805, while copper rose 1.1% to $2.618.
Euro zone
European shares were lower today. The eurozone’s STOXX 600 fell 0.4%, the Spanish Ibex Index fell 1.1%, while Italy’s FTSE MIB Index slipped 0.1%. Meanwhile, the German DAX 30 declined 0.5%, French CAC 40 slipped 0.6% and UK shares fell 0.2%.
Economics
U.S. initial jobless claims rose 1.508 million for the latest week, versus a revised reading of 1.56 million in the prior week.
The Philadelphia Fed manufacturing index surged to 27.5 in June, versus a reading of -43.1 in May.
The index of leading economic indicators rose 2.8% for May, versus economists’ expectations for a 2.3% increase.
The Energy Information Administration’s weekly report on natural gas stocks in underground storage is scheduled for release at 10:30 a.m. ET.
Federal Reserve Bank of Minneapolis President Neel Kashkari is set to speak at 11:00 a.m. ET.
The Treasury will auction 4-and 8-week bills at 11:30 a.m. ET.
Federal Reserve Bank of Cleveland President Loretta Mester will speak at 12:15 p.m. ET.
Federal Reserve Bank of St. Louis President James Bullard is set to speak at 2:00 p.m. ET.
Data on money supply for the recent week will be released at 4:30 p.m. ET.
Federal Reserve Bank of San Francisco President Mary Daly will speak at 7:00 p.m. ET.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
