U.S. stocks traded mixed midway through trading, with the Dow Jones index falling around 150 points on Thursday.

The Dow traded down 0.35% to 44,715.15 while the NASDAQ rose 0.08% to 19,708.01. The S&P 500 also rose, gaining, 0.14% to 6,069.88.

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Leading and Lagging Sectors

Financials shares surged by 0.7% on Thursday.

In trading on Thursday, energy shares fell by 1.4%.

Top Headline

On Thursday, Bristol Myers Squibb & Co BMY posted better-than-expected results for its fourth quarter, but issued weak outlook.

The company posted fourth-quarter revenues of $12.34 billion, beating the consensus of $11.57 billion. The company reported an adjusted EPS of $1.67, down from $1.70 a year ago, beating the consensus of $1.46.

Bristol Myers Squibb said it sees 2025 adjusted EPS of $6.55-$6.85 compared to the consensus of $6.92. The company forecasts 2025 sales of $45.5 billion versus the consensus of $46.27 billion.

Equities Trading UP
                       

• Lipella Pharmaceuticals Inc. LIPO shares shot up 86% to $4.90 after the company received FDA approval for an expanded access program for LP-310 in oral lichen planus.
• Shares of American Superconductor Corporation AMSCgot a boost, surging 31% to $33.40 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter sales guidance with its midpoint above estimates.
• Digital Turbine, Inc. APPS shares were also up, gaining 86% to $4.7250 after the company reported better-than-expected third-quarter financial results and raised its FY25 sales guidance.

Equities Trading DOWN

• Skyworks Solutions, Inc. SWKS shares dropped 24% to $66.33 after the company issued second-quarter adjusted EPS guidance below estimates. Multiple analysts downgraded the stock on Thursday.
• Shares of Sensus Healthcare, Inc. SRTS were down 29% to $6.36 after the company reported mixed fourth-quarter financial results.
• WEX Inc. WEX was down, falling 17% to $155.07 after the company issued first-quarter and FY25 guidance below estimates.

Commodities

In commodity news, oil traded up 0.5% to $71.36 while gold traded down 0.8% at $2,869.50.

Silver traded down 1.7% to $32.420 on Thursday, while copper fell 0.4% to $4.4275.

Euro zone

European shares were higher today. The eurozone's STOXX 600 rose 1.08%, Germany's DAX 40 gained 1.22% and France's CAC 40 rose 1.40%. Spain's IBEX 35 Index rose 1.30%, while London's FTSE 100 rose 1.37%.

Asia Pacific Markets

Asian markets closed mostly higher on Thursday, with Japan's Nikkei 225 gaining 0.61%, China's Shanghai Composite Index climbing 1.27%, Hong Kong's Hang Seng Index gaining 1.43% and India's BSE Sensex falling 0.27%.

Economics

• U.S. initial jobless claims increased by 11,000 from the previous week to 219,000 in the final week of January, compared to market estimates of 213,000.
• U.S. unit labor costs rose 3.0% in the fourth quarter following a 0.5% gain in the third quarter.
• U.S. nonfarm business sector labor productivity rose by 1.2% in the fourth quarter compared to a revised gain of 2.3% in the previous quarter.
• U.S. employers announced job cuts of 49,795 in January up from 38,792 in the previous month.
• U.S. natural gas stocks fell 174 billion cubic feet in the week ending Jan. 31.

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