US Stocks Mostly Flat; Jobless Claims Decline In Latest Week

U.S. stocks traded mostly flat this morning, following the release of jobless claims data.

Following the market opening Thursday, the Dow traded down 0.02% to 34,105.13 while the NASDAQ rose 0.01% to 13,651.18. The S&P 500 also fell, dropping, 0.01% to 4,382.36.

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Leading and Lagging Sectors

Energy shares rose by 0.8% on Thursday.

In trading on Thursday, health care shares fell by 1%.

Top Headline

U.S. initial jobless claims fell by 3,000 to 217,000 in the week ending Nov. 9, compared to market estimates of 218,000.

Equities Trading UP

Astra Space, Inc. ASTR shares shot up 74% to $1.29 after the company announced it received a non-binding proposal from founders Chris Kemp and Adam London offering to acquire all of the outstanding common stock of the company not currently owned by Kemp and London.

Shares of Intelligent Bio Solutions Inc. INBS got a boost, shooting 52% to $0.3447 as the company posted first-quarter results.

Globavend Holdings Limited GVH shares were also up, gaining 40% to $3.61. Globavend Holdings recently announced pricing of $6 million initial public offering of 1.5 million shares of common stock at a price of $4 per share.

Equities Trading DOWN

Tempo Automation Holdings, Inc TMPO shares dropped 74% to $0.0020.

Shares of Atara Biotherapeutics, Inc. ATRA were down 67% to $0.4044 after the company said that primary analysis data from its Phase 2 EMBOLD study of ATA188 in non-active progressive multiple sclerosis (PMS) did not meet the primary endpoint of confirmed disability improvement (CDI) by expanded disability status scale (EDSS) at 12 months compared to placebo.

Enviva Inc. EVA was down, falling 67% to $1.28 following third-quarter results. Enviva named Glenn Nunziata as interim Chief Executive Officer in addition to his CFO role.

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Commodities

In commodity news, oil traded up 0.5% to $75.73 while gold traded down 0.3% at $1,952.40.

Silver traded down 0.7% to $22.565 on Thursday while copper fell 0.4% to $3.6250.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 climbed 0.5%, London’s FTSE 100 rose 0.2% while Spain’s IBEX 35 Index rose 0.8% The German DAX rose 0.4% French CAC 40 rose 0.6%, while Italy’s FTSE MIB Index rose 0.5%.

Asia Pacific Markets

Asian markets closed mixed on Thursday, with Japan’s Nikkei 225 gaining 1.49%, Hong Kong’s Hang Seng Index falling 0.33% and China’s Shanghai Composite Index rising 0.03%. India’s S&P BSE Sensex, meanwhile, fell around 0.22%.

China's consumer prices fell by 0.2% year-over-year in October, while producer prices fell 2.6% year-over-year in October. The gauge for Japan's service sector sentiment fell to 49.5 in October versus 49.9 a month ago. Japan's current account surplus increased to JPY 2,726.3 billion in September, while value of loans in Japan climbed 2.8% year-over-year in October.

Economics