Nasdaq Surges 400 Points; US Jobless Claims Fall To 219,000 – Vivos Therapeutics (NASDAQ:VVOS)

U.S. stocks traded higher this morning, with the Nasdaq Composite surging more than 400 points on Thursday.

Following the market opening Thursday, the Dow traded up 1.44% to 42,100.00 while the NASDAQ rose 2.30% to 17,976.85. The S&P 500 also rose, gaining, 1.65% to 5,710.85.

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Leading and Lagging Sectors

Information technology shares jumped by 2.7% on Thursday.

In trading on Thursday, utilities shares fell by 0.1%.

Top Headline

U.S. initial jobless claims fell by 12,000 from the prior week to 219,000 in the week ending September 14, compared to market expectations of 230,000.

Equities Trading UP
                       

• Telesis Bio, Inc. TBIO shares shot up 245% to $4.67. Telesis Bio recently announced that it has notified the Nasdaq Stock Market of its decision to delist.
• Shares of Signing Day Sports, Inc. SGN got a boost, surging 185% to $0.3702 after the company announced it will acquire sports gaming technology company Swifty Global.
• Zeo Energy Corp. ZEO shares were also up, gaining 153% to $2.96 after declining around 9% on Wednesday.

Equities Trading DOWN

• Haoxi Health Technology Limited HAO shares dropped 74% to $0.77. Haoxi Health Technology announced the pricing of a $12 million underwritten follow-on public offering of 4 million units at a price of $3/unit.
• Shares of Progyny, Inc. PGNY were down 39% to $14.96 after a client elected to exercise an option to terminate its services agreement with the company.
• Vivos Therapeutics, Inc. VVOS was down, falling 23% to $3.19 after the company announced a $4.3 million registered offering of 1.36 million shares of common stock at $3.15 per share.

Commodities

In commodity news, oil traded up 1.1% to $71.71 while gold traded up 0.2% at $2,602.70.

Silver traded up 2.2% to $31.355 on Thursday, while copper rose 1.7% to $4.3720.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 climbed 1.4%, Germany’s DAX climbed 1.6% and France’s CAC 40 jumped 2%. Spain’s IBEX 35 Index rose 0.7%, while London’s FTSE 100 rose 1%.

The Bank of England maintained the Bank Rate at 5% during its September meeting, after cutting rates by 25 bps in August. The current account surplus in the Eurozone increased to €48 billion in July from €25.5 billion in the year-ago period.

Asia Pacific Markets

Asian markets closed higher on Thursday, with Japan’s Nikkei 225 gaining 2.13%, Hong Kong’s Hang Seng Index surging 2%, China’s Shanghai Composite Index gaining 0.69% and India’s BSE Sensex gaining 0.29%.

Hong Kong’s unemployment rate came in unchanged at 3% in the three months ending August. The Hong Kong Monetary Authority cut its base rate by 50bps to 5.25% at its recent meeting.

Economics

• The U.S. reported a current account deficit of $266.8 billion in the second quarter versus a gap of $241 billion in the prior period and higher than market estimates of a $260 billion gap.
• U.S. initial jobless claims fell by 12,000 from the prior week to 219,000 in the week ending September 14, compared to market expectations of 230,000.
• The Philadelphia Fed Manufacturing Index climbed to 1.7 in September from -7 in the previous month and topping market estimates of -1.

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