Dow Jumps 300 Points; Procter & Gamble Shares Gain After Q2 Results - C3is (NASDAQ:CISS), Creative Media (NASDAQ:CMCT)

U.S. stocks traded higher this morning, with the Dow Jones index gaining around 300 points on Thursday.

Following the market opening Thursday, the Dow traded up 0.63% to 49,387.01 while the NASDAQ gained 0.77% to 23,402.89. The S&P 500 also rose, gaining, 0.51% to 6,910.38.

Leading and Lagging Sectors

Communication services shares gained by 1.7% on Thursday.

In trading on Wednesday, energy stocks dipped by 0.4%.

Top Headline

Procter & Gamble Company (NYSE: PG ) stock gained around 2% on Thursday after the consumer goods giant posted mixed quarterly results.

The company reported second-quarter adjusted earnings per share of $1.88, beating the analyst consensus estimate of $1.86. Quarterly sales of $22.208 billion missed the Street view of $22.282 billion.

Equities Trading UP
           

60 Degrees Pharmaceuticals, Inc. (NASDAQ: SXTP ) shares shot up 297% to $7.94 after the company announced a partnership with Runway Health to expand pre-departure access to ARAKODA. Shares of iOThree Limited (NASDAQ: IOTR ) got a boost, surging 80% to $5.28. Creative Media & Community Trust Corporation (NASDAQ: CMCT ) shares were also up, gaining 63% to $4.7750 after the company announced it closed the sale of its lending division.

Equities Trading DOWN

C3is Inc. (NASDAQ: CISS ) shares dropped 37% to $0.0888 after the company announced a 1-for-20 reverse stock split. Shares of Mingteng International Corporation Inc. (NASDAQ: MTEN ) were down 25% to $0.0220. Mingteng International announced a 1-for-200 reverse stock split. Jet.AI Inc. (NASDAQ: JTAI ) was down, falling 21% to $0.2728.

Commodities

In commodity news, oil traded down 1.9% to $59.47 while gold traded up 0.2% at $4,845.00.

Silver traded up 1.7% to $94.215 on Wednesday, while copper fell 0.4% to $5.7450.

Euro zone

European shares were higher today. The eurozone's STOXX 600 gained 1.4%, while Spain's IBEX 35 Index rose 1.5%. London's FTSE 100 rose 0.7%, Germany's DAX gained 1.5% and France's CAC 40 gained 1.5% during the session.

Asia Pacific Markets

Asian markets closed higher on Thursday, with Japan's Nikkei gaining 1.73%, Hong Kong's Hang Seng Index gaining 0.17%, China's Shanghai Composite gaining 0.14% and India's BSE Sensex rising 0.49%.

Economics

U.S. initial jobless claims rose by 1,000 from the previous week to 200,000 during the week ending Jan. 17. The U.S. economy grew at an annualized rate of 4.4% in the third quarter, above the preliminary estimate of 4.3% and recording the strongest growth since the third quarter of 2023.

Photo via Shutterstock

CISS C3is Inc $0.0900 -36.2% Overview CMCT Creative Media & Community Trust Corp $4.67 59.3% IOTR iOThree Ltd $5.88 100.7% JTAI Jet AI Inc $0.2743 -20.9% MTEN Mingteng International Corp Inc $0.0215 -27.1% PG Procter & Gamble Co $149.12 2.10% SXTP 60 Degrees Pharmaceuticals Inc $6.78 239.0% Market News and Data brought to you by Benzinga APIs

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