U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 150 points on Thursday.
The Dow traded up 0.37% to 46,190.85 while the NASDAQ rose 1.07% to 22,500.28. The S&P 500 also rose, gaining, 0.62% to 6,641.29.
Check This Out: This Target Analyst Begins Coverage On A Bearish Note; Here Are Top 5 Initiations For Thursday
Leading and Lagging Sectors
Information technology shares jumped by 0.8% on Thursday.
In trading on Thursday, materials stocks fell by 0.7%.
Top Headline
Darden Restaurants, Inc. (NYSE:DRI) reported worse-than-expected first-quarter financial results.
Darden Restaurants reported quarterly earnings of $1.97 per share which missed the analyst consensus estimate of $2.00 per share. The company reported quarterly sales of $3.004 billion which missed the analyst consensus estimate of $3.040 billion.
Equities Trading UP
- 89bio, Inc. (NASDAQ:ETNB) shares shot up 86% to $15.02 after the company announced an agreement to be acquired …