Dow Jumps Over 100 Points; Deere Posts Upbeat Earnings

U.S. stocks traded higher toward the end of trading, with the Dow Jones index surging more than 100 points on Thursday.

The Dow traded up 0.33% to 44,514.10 while the NASDAQ rose 0.83% to 19,812.30. The S&P 500 also rose, gaining, 0.52% to 6,083.72.

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Leading and Lagging Sectors

Materials shares jumped by 1.1% on Thursday.

In trading on Thursday, industrials shares fell by 0.2%.

Top Headline

Deere & Co DE reported better-than-expected earnings for its first quarter.

The company posted a first-quarter 2025 net sales and revenue decline of 30% year-over-year to $8.51 billion, beating the consensus of $7.70 billion.

Net sales were $6.809 billion for the quarter, compared with $10.486 billion in 2024. Deere clocked an EPS of $3.19, down from $6.23 in the prior year, beating the consensus of $3.14.

Equities Trading UP

AppLovin Corporation APP shares shot up 21% to $461.20 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter revenue guidance above estimates.
Shares of Dutch Bros Inc. BROSgot a boost, surging 27% to $82.11 following better-than-expected quarterly financial results.
Edesa Biotech, Inc. EDSA shares were also up, gaining 81% to $3.3651. The company announced a $15 million private placement.

Equities Trading DOWN

Digital Ally, Inc. DGLY shares dropped 52% to $0.0739 after the company priced a $15 million underwritten public offering.
Shares of The Trade Desk, Inc. TTD were down 33% to $82.17 following downbeat quarterly revenue.
West Pharmaceutical Services, Inc. WST was down, falling 34% to $213.18 following weak FY25 guidance.

Commodities

In commodity news, oil traded up 0.1% to $71.40 while gold traded up 0.6% at $2,945.00.

Silver traded down 0.3% to $32.690 on Thursday, while copper rose 1.5% to $4.7735.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 rose 1.09%, Germany's DAX 40 rose 2.09% and France's CAC 40 rose 1.52%. Spain's IBEX 35 Index rose 0.19%, while London's FTSE 100 fell 0.49%.

Asia Pacific Markets

Asian markets closed mostly lower on Thursday, with Japan's Nikkei 225 gaining 1.28%, China's Shanghai Composite Index falling 0.42%, Hong Kong's Hang Seng Index falling 0.20% and India's BSE Sensex falling 0.04%.

Economics

The Producer Price Index surged 3.5% year over year in January, according to Thursday’s release from the Bureau of Labor Statistics.
U.S. initial jobless claims declined by 7,000 from the previous week to 213,000 during the first week of February, down from market estimates of 215,000.
U.S. natural gas stocks fell 100 billion cubic feet in the week ending Feb. 7, compared to market estimates of a 92 bcf decline.

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