Toward the end of trading Thursday, the Dow traded down 0.44% to 35,999.43 while the NASDAQ rose 0.97% to 15,964.55. The S&P also rose, gaining 0.30% to 4,674.44.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 47,105,460 cases with around 770,850 deaths. India confirmed a total of at least 34,320,140 cases and 459,660 deaths, while Brazil reported over 21,835,780 COVID-19 cases with 608,300 deaths. In total, there were at least 248,961,210 cases of COVID-19 worldwide with more than 5,039,820 deaths, according to data compiled by Johns Hopkins University.
Leading and Lagging Sectors
Consumer discretionary shares gained by 1.8% on Thursday. Meanwhile, top gainers in the sector included Volcon, Inc. (NASDAQ: VLCN), up 18% and Houghton Mifflin Harcourt Company (NASDAQ: HMHC) up 21%.
In trading on Thursday, financials shares fell 2%.
Top Headline
Moderna (NASDAQ: MRNA) reported weaker-than-expected results for its third quarter and lowered its full-year sales forecast for its covid-19 vaccine.
Moderna posted Q3 adjusted earnings of $7.70 per share, missing analysts’ estimates of $9.05 per share The company’s quarterly sales came in at $4.969 billion, versus expectations of $6.2 billion.
Moderna lowered its full-year sales forecast for its covid-19 vaccine to between $15 billion and $18 billion, versus prior forecast of $20 billion.
Equities Trading UP
NerdWallet, Inc. (NASDAQ: NRDS) shares shot up 62% to $29.12 after the company priced its IPO at $18 per share.
Shares of Cassava Sciences, Inc. (NASDAQ: SAVA) got a boost, shooting 52% to $85.95 after a review by the Journal of Neuroscience showed there is no evidence of data manipulation in a 2012 company technical paper.
NeoPhotonics Corporation (NYSE: NPTN) shares were also up, gaining 38% to $15.94 after the company agreed to be acquired by Lumentum for $16.00 per share in cash.
Check out these big movers of the day
Equities Trading DOWN
Lightspeed Commerce Inc. (NYSE: LSPD) shares tumbled 28% to $71.17 after the company reported Q2 results.
Shares of Rimini Street, Inc. (NASDAQ: RMNI) were down 29% to $8.03 following Q3 results.
Vimeo, Inc. (NASDAQ: VMEO) was down, falling 31% to $24.30 after the company posted Q3 results.
Commodities
In commodity news, oil traded down 2.3% to $78.98, while gold traded up 1.7% to $1,793.30.
Silver traded up 2.6% Thursday to $23.825 while copper fell 0.3% to $4.3095.
Euro zone
European shares closed higher today. The eurozone’s STOXX 600 rose 0.41%, the Spanish Ibex Index rose 0.1% and the German DAX 30 gained 0.44%. Meanwhile, the London’s FTSE 100 rose 0.43%, French CAC 40 rose 0.53% and Italy’s FTSE MIB rose 0.53%.