Dow Surges Over 100 Points; Charles Schwab Posts Upbeat Earnings - Hyperfine (NASDAQ:HYPR), Mira Pharmaceuticals (NASDAQ:MIRA)

U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 100 points on Thursday.

Following the market opening Thursday, the Dow traded up 0.34% to 46,412.27 while the NASDAQ climbed 0.73% to 22,834.55. The S&P 500 also rose, gaining, 0.41% to 6,698.54.

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Leading and Lagging Sectors

Communication services shares jumped by 1.4% on Thursday.

In trading on Thursday, financial stocks fell by 0.7%.

Top Headline

Charles Schwab Corporation (NYSE: SCHW ) reported better-than-expected earnings for yhe third quarter.

The company reported third-quarter adjusted earnings per share of $1.31, up 70% year over year (Y/Y), beating the analyst consensus estimate of $1.25. Quarterly sales of $6.135 billion (+27% Y/Y) outpaced the Street view of $6.009 billion.

Equities Trading UP
           

Praxis Precision Medicines Inc (NASDAQ: PRAX ) shares shot up 202% to $173.05. The clinical-stage biopharmaceutical company released topline results for the Phase 3 Essential3 program of ulixacaltamide in essential tremor (ET). Shares of Vivakor inc (NASDAQ: VIVK ) got a boost, surging 82% to $0.54. Vivakor recently announced a non-binding term sheet to established a $40 million commodity intermediation credit facility. Mira Pharmaceuticals Inc (NASDAQ: MIRA ) shares were also up, gaining 63% to $2.15 after the company announced new preclinical data for Mira-55.

Equities Trading DOWN

UTime Ltd (NASDAQ: WTO ) shares dropped 83% to $0.20 after the company reported pricing of $25 million registered direct offering. Shares of Theriva Biologics Inc (NYSE: TOVX ) were down 49% to $0.43 after the company announced a $4 million warrant inducement agreement for the immediate exercise of warrants to purchase up to 7,360,460 of common stock at a reduced exercise price of $0.54 per share. Hyperfine Inc (NASDAQ: HYPR ) was down, falling 41% to $1.30 after the company announced the pricing of its $17.5 million public offering of 14 million shares at a price of $1.25 per share.

Commodities

In commodity news, oil traded up 0.2% to $58.38 while gold traded up 1.6% at $4,269.40.

Silver traded up 2.1% to $52.455 on Thursday, while copper fell 1% to $4.9660.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 rose 0.3%, while Spain's IBEX 35 Index fell 0.4%. London's FTSE 100 fell 0.3%, Germany's DAX 40 slipped 0.1% and France's CAC 40 surged 0.8% during the session.

Asia Pacific Markets

Asian markets closed mostly higher on Thursday, with Japan's Nikkei 225 surging 1.27%, Hong Kong's Hang Seng index falling 0.09%, China's Shanghai Composite rising 0.10% and India's BSE Sensex rising 1.04%.

Economics

The Philadelphia Fed Manufacturing Index declined to a six-month low level of -12.8 in October from 23.2 in the previous month and missing market estimates of 10.

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Loading... Loading... HYPR Hyperfine Inc $1.31 -40.5% Overview MIRA Mira Pharmaceuticals Inc $2.21 67.4% PRAX Praxis Precision Medicines Inc $160.55 179.9% SCHW Charles Schwab Corp $94.32 -0.01% TOVX Theriva Biologics Inc $0.4451 -47.0% VIVK Vivakor Inc $0.5415 83.5% WTO UTime Ltd $0.1970 -83.7% Market News and Data brought to you by Benzinga APIs

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