Gold Gains 1%; Halliburton Posts Weak Q3 Results

U.S. stocks traded mostly higher midway through trading, with the Nasdaq Composite gaining more than 1% on Thursday.

The Dow traded up 0.01% to 43,731.14 while the NASDAQ rose 1.19% to 19,208.62. The S&P 500 also rose, gaining, 0.55% to 5,961.80.

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Leading and Lagging SectorsConsumer discretionary shares surged by 1.5% on Thursday.

In trading on Thursday, financials shares fell by 1.3%.

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Halliburton Company (NYSE:HAL) reported worse-than-expected third-quarter EPS and sales.

HAL reported a third-quarter revenue decline of 1.8% year-over-year to $5.697 billion, missing the consensus of $5.828 billion. Adjusted EPS was 73 cents, down from 79 cents a year ago and below the consensus of 75 cents.

Equities Trading UP                       

AppLovin Corporation (NASDAQ:APP) shares shot up 43% to $241.02 after the company reported better-than-expected quarterly financial results.

Shares of Emergent BioSolutions Inc. (NYSE:EBS) got a boost, surging 32% to $12.13 after the company announced it evaluated the safety and efficacy of its new clinical trial of Brincidofovir in treating Mpox across Africa. PANTHER will conduct a clinical trial under The Leadership of Africa Centres for Disease ...