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Dow Surges Over 500 Points; US Retail Sales Rise In July
U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 500 points on Thursday.
Following the market opening Thursday, the Dow traded up 1.29% to 40,523.31 while the NASDAQ jumped 1.34% to 17,423.38. The S&P 500 also rose, gaining, 1.09% to 5,514.51.
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Leading and Lagging SectorsConsumer discretionary shares climbed by 2.6% on Thursday.
In trading on Thursday, utilities shares fell 0.6%.
Top Headline
U.S. retail sales gained 1% month-over-month in July versus a revised 0.2% decline in June and higher than market estimates of a 0.3% gain.
Equities Trading UP
Cingulate Inc. (NASDAQ:CING) shares shot up 149% to $4.60 after the company was granted European patent No. 3261625 for CTx-1301, its lead asset for the treatment of ADHD.
Shares of VS MEDIA Holdings Limited (NASDAQ:VSME) got a boost, surging 61% to $1.1500.
SciSparc Ltd. (NASDAQ:SPRC) shares were also up, gaining 45% to $0.4671 after the company announced the courts approval to convene a meeting of shareholders to approve a ...