Nasdaq climbed 100 points; Tesla Beats Q4 Views

US stocks traded higher this morning, with the Nasdaq Composite gaining more than 100 points on Thursday.

After the market opened on Thursday, the Dow was up 0.24% at 33,824.53 while the NASDAQ was up 1.05% at 11,432.45. The S&P 500 also rose 0.54% to 4,037.88.

Check it out: Benzinga’s most accurate analysts say these 3 high-dividend-paying defensive stocks are a buy

leading and lagging areas

  • Shares of Consumer Discretionary rose 1.9% on Thursday. Meanwhile, in Top Gainers region Include boot barn holdings, inc. bootup 8%, and Tesla, Inc. TSLAup 9%.
  • Shares of the utilities declined 0.4% in Thursday trading.

top title

Tesla Inc TSLA Fourth quarter results were better than expected

Tesla reported fourth-quarter total vehicle production of 439,701, up 44% year-over-year. Deliveries in the fourth quarter increased 31% year-over-year to 405,278.

equity trading up

  • Qualtrix International Inc. XM Shares rose 29% to $14.47 after the company reported better than expected Q4 results and issued Q1 revenue guidance above estimates.
  • shares of nemoura medical inc. nmrd US health provider HealthFleet Inc. rose 22% to $3.2250 after the company received its first buy order from
  • TC Biopharma (Holdings) Plc tcbp Shares were up as well, rising 12% to $4.5098. HC Wainwright & Company initiated coverage on TC Biopharm with a Buy rating and announced a price target of $9.

equity trading down

  • PanBella Therapeutics, Inc. PBLA Shares fell 36% to $1.74 after the company reported pricing its $15 million public offering at $2.75 per share.
  • shares of Oakfire Pharma, Inc. Ocup Shares were down 21% to $2.9850 after reporting topline results from the company’s ZETA-1 Phase 2 trial of oral APX3330 in diabetic retinopathy and plans for an end-of-Phase 2 meeting with the FDA. HC Wainwright & Co maintained Ocuphire Pharma with a buy and reduced the price target to $20 from $26.
  • Neovolta Inc. New was down, falling 19% to $2.2001.

See also: 5 Most Expensive Financial Stocks You Should Worry About


In commodity news, oil rose 2.2% to $81.87, while gold fell 0.4% to $1,935.30.

Silver rose 0.4% to $24.025 on Wednesday, while copper rose 0.2% to $4.2510.

euro zone

European shares were higher today. The eurozone’s STOXX 600 rose 0.6%, London’s FTSE 100 added 0.3% while Spain’s IBEX 35 index added 0.9%. The German DAX added 0.2%, the French CAC 40 added 0.9% and Italy’s FTSE MIB index rose 1.2%.

Labor productivity in the UK rose 0.1% in the quarter during the three months to September, while car production in the country fell 17.9% year-on-year in December.

Consumer confidence in Italy fell to 100.9 in January from an 11-month high of 102.5 in the prior month, while manufacturing confidence rose to 102.7 from 101.5. Spain’s unemployment rate rose to 12.87% in the fourth quarter from 12.67% in the previous period.

asia pacific market

Asian markets closed mixed on Thursday, with Japan’s Nikkei 225 down 0.12% and Hong Kong’s Hang Seng index down 2.37%.

Hong Kong’s trade deficit widened to $51.6 billion in December from $32.8 billion in the year-ago period. Singapore’s manufacturing output fell 3.1% year-on-year in December.


  • US GDP to expand by 2.1% in 2022 compared to 5.9% expansion in 2021.
  • The Chicago Fed National Activity Index rose to -0.49 in December from -0.51 in the previous month.
  • The US trade deficit widened to $90.3 billion in December from a nearly two-year low of $82.9 billion a month earlier.
  • US durable goods orders climbed 5.6% month-on-month in December.
  • US jobless claims for the week ending January 21, 2023 decreased by 6,000 from the previous week to 186,000.
  • Building permits in the US fell 1.0% from a month earlier to an annualized rate of 1.337 million in December.
  • Wholesale inventories rose 0.1% to $934.1 billion in December.

Now read this: Market volatility decreased, S&P 500 closed with a slight decline

COVID-19 Update

The US has the highest number of coronavirus cases and deaths in the world, recording a total of 104,015,450 cases with nearly 1,130,960 deaths. India confirmed a total of at least 44,682,330 cases and 530,730 deaths, while France reported over 39,498,180 COVID-19 cases with 164,000 deaths. Overall, there were at least 674,133,160 cases of COVID-19 worldwide with more than 6,752,550 deaths.

Source link

Leave a Comment