RELY - Nasdaq Surges Over 1%; US Initial Jobless Claims Increase To 217000 | Benzinga
U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 250 points on Thursday.
Following the market opening Thursday, the Dow traded up 0.82% to 33,548.07 while the NASDAQ rose 1.22% to 13,220.75. The S&P 500 also rose, gaining, 1.13% to 4,285.68.
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Leading and Lagging Sectors
Real estate shares jumped by 2.2% on Thursday.
In trading on Thursday, consumer staples shares rose by just 0.4%.
Top Headline
U.S. initial jobless claims increased by 5,000 to 217,000 in the week ending Oct. 28, compared to market estimates of 210,000.
Equities Trading UP
Panbela Therapeutics, Inc. (NASDAQ: PBLA) shares shot up 44% to $1.1301. Panbela announced the publication of preclinical and clinical data from studies of CPP-1X (also known as α-Difluoromethylornithine (DFMO) or Eflornithine) in recent onset type 1 diabetes (T1D).
Shares of Rocky Brands, Inc. (NASDAQ: RCKY) got a boost, shooting 41% to $17.73 after the company reported better-than-expected third-quarter financial results.
Lemonade, Inc. (NYSE: LMND) shares were also ...