Crude Oil Down 1%; Bank of America Posts Upbeat Earnings

U.S. stocks traded mixed midway through trading, with the Dow Jones index gaining around 0.1% on Thursday.

The Dow traded up 0.08% to 43,256.69 while the NASDAQ fell 0.17% to 19,478.76. The S&P 500 also rose, gaining, 0.15% to 5,958.69.

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Leading and Lagging Sectors

Real estate shares surged by 0.7% on Thursday.

In trading on Thursday, consumer discretionary shares fell by 0.7%.

Top Headline

Bank of America Corp BAC reported better-than-expected fourth-quarter results.

The bank posted quarterly net income of $6.7 billion (versus $3.1 billion a year ago) and EPS of 82 cents, beating the analyst consensus estimate of 77 cents.

Revenue, net of interest expense, increased 15.0% year over year to $25.35 billion, beating the analyst consensus estimate of $25.19 billion.

Equities Trading UP

Biomerica, Inc. BMRA shares shot up 159% to $0.8763 after the company announced its Fortel Prostate Specific Antigen Screening Test received approval from the United Arab Emirates Ministry of Health and Prevention.
Shares of DouYu International Holdings Limited DOYUgot a boost, surging 26% to $15.50 as the company appointed Simin Ren as Co-CEO and declared a special cash dividend.
Sezzle Inc. SEZL shares were also up, gaining 14% to $296.00 after the company announced it expects to exceed its previously provided 2024 revenue and income guidance.

Equities Trading DOWN

Leafly Holdings, Inc. LFLY shares dropped 44% to $0.82 after the company announced it received a Nasdaq desliting notice and will transition to the over-the-counter market.
Shares of Atara Biotherapeutics, Inc. ATRA were down 45% to $7.16 after the company issued regulatory and business update on EBVALLOTM (tabelecleucel).
Polestar Automotive Holding UK PLC PSNY was down, falling 13% to $1.0592 after the company reported preliminary third-quarter revenue of $551 million, down 10% year over year, citing lower volume and competitive market conditions.

Commodities

In commodity news, oil traded down 1% to $79.24 while gold traded up 1% at $2,743.60.

Silver traded up 0.5% to $31.690 on Thursday, while copper rose 1% to $4.4330.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 surged 0.63%, Germany's DAX 40 gained 0.13% and France's CAC 40 gained 1.83%. Spain's IBEX 35 Index fell 0.54%, while London's FTSE 100 gained 0.82%.

Asia Pacific Markets

Asian markets closed higher on Thursday, with Japan's Nikkei 225 gaining 0.33%, China's Shanghai Composite Index gaining 0.28%, Hong Kong's Hang Seng Index climbing 1.23% and India's BSE Sensex rising 0.42%.

Economics

U.S. retail sales rose 0.4% month-over-month in December versus a revised 0.8% increase in the previous month and down from market estimates of 0.6%.
U.S. initial jobless claims increased by 14,000 from the previous week to 217,000 in the week ending January 11, compared to market estimates of 210,000.
Import prices increased by 0.1% from the previous month in December, while export prices gained by 0.3% in December.
The Philadelphia Fed Manufacturing Index rose to 44.3 in January compared to a revised reading of -10.9 in the previous month.
The NAHB/Wells Fargo Housing Market Index rose to 47 in January compared to 46 in the prior two months.
U.S. business inventories increased by 0.1% month-over-month in November compared to a revised flat reading in the previous month.

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