Dow Surges Over 250 Points; Accenture Earnings Top Views

U.S. stocks traded higher toward the end of trading, with the Dow Jones index rising more than 250 points on Thursday.

The Dow traded up 0.63% to 42,177.28 while the NASDAQ rose 0.54% to 18,179.88. The S&P 500 also rose, gaining, 0.36% to 5,743.03.

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Leading and Lagging SectorsMaterials shares jumped by 1.9% on Thursday.

In trading on Thursday, energy shares fell by 2%.

Top Headline

Accenture Plc (NYSE:ACN) reported better-than-expected earnings for its fourth quarter.

The company posted quarterly sales of $16.41 billion compared with the analyst consensus estimate of $16.39 billion, up 3% Y/Y in U.S. dollars and 5% in local currency. The adjusted EPS of $2.79 topped the analyst consensus estimate of $2.77.

Accenture declared a quarterly cash dividend of $1.48 per share, implying a growth of 15%. The board approved $4.0 billion in additional share repurchase authority, bringing Accenture's total outstanding authority to approximately $6.7 billion.

Equities Trading UP                       

Telesis Bio, Inc. (NASDAQ:TBIO) shares shot up 43% to $3.31 after the company announced a partnership with Beckman Coulter Life Sciences to revolutionize DNA and mRNA synthesis.

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