U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 150 points on Thursday.

The Dow traded up 0.33% to 44,513.97 while the NASDAQ rose 0.78% to 19,804.09. The S&P 500 also rose, gaining, 0.51% to 6,082.97.

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Leading and Lagging Sectors

Consumer discretionary shares jumped by 1.1% on Thursday.

In trading on Thursday, health care shares rose by just by 0.1%.

Top Headline

Cisco Systems, Inc. CSCO reported better-than-expected second-quarter financial results after Wednesday’s closing bell.

Cisco reported quarterly earnings of 94 cents per share, which beat the analyst consensus estimate of 91 cents. Quarterly revenue clocked in at $13.9 billion, beating the $13.87 billion consensus estimate.

Cisco said it sees third-quarter EPS between 90 cents and 92 cents, versus the 92 cent estimate, and revenue in a range of $13.9 billion to $14.1 billion, versus the $13.86 billion estimate. The company expects fiscal 2025 EPS between $3.68 and $3.74, versus the $3.66 estimate, and revenue in a range of $56 billion to $56.5 billion, versus the $55.98 billion estimate.

Equities Trading UP
                       

• AppLovin Corporation APP shares shot up 34% to $508.36 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter revenue guidance above estimates.
• Shares of Dutch Bros Inc. BROSgot a boost, surging 30% to $83.96 following better-than-expected quarterly financial results.
• Edesa Biotech, Inc. EDSA shares were also up, gaining 88% to $3.50. The company announced a $15 million private placement.

Equities Trading DOWN

• Digital Ally, Inc. DGLY shares dropped 52% to $0.0746 after the company priced a $15 million underwritten public offering.
• Shares of The Trade Desk, Inc. TTD were down 32% to $83.28 following downbeat quarterly revenue.
• West Pharmaceutical Services, Inc. WST was down, falling 31% to $223.65 following weak FY25 guidance.

Commodities

In commodity news, oil traded down 0.4% to $71.10 while gold traded up 0.6% at $2,945.00.

Silver traded down 0.7% to $32.555 on Thursday, while copper rose 0.4% to $4.7220.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 rose 1.01%, Germany's DAX 40 rose 1.77% and France's CAC 40 rose 1.57%. Spain's IBEX 35 Index rose 0.39%, while London's FTSE 100 fell 0.56%.

Asia Pacific Markets

Asian markets closed mostly lower on Thursday, with Japan's Nikkei 225 gaining 1.28%, China's Shanghai Composite Index falling 0.42%, Hong Kong's Hang Seng Index falling 0.20% and India's BSE Sensex falling 0.04%.

Economics

• The Producer Price Index surged 3.5% year over year in January, according to Thursday’s release from the Bureau of Labor Statistics.
• U.S. initial jobless claims declined by 7,000 from the previous week to 213,000 during the first week of February, down from market estimates of 215,000

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