Nasdaq Surges 100 Points; US Initial Jobless Claims Fall

U.S. stocks traded mostly higher this morning, with the Nasdaq Composite gaining more than 100 points on Thursday.

Following the market opening Thursday, the Dow traded down 0.04% to 46,000.59 while the NASDAQ rose 0.49% to 22,370.12. The S&P 500 also rose, gaining, 0.29% to 6,619.34.

Check This Out: This Target Analyst Begins Coverage On A Bearish Note; Here Are Top 5 Initiations For Thursday

Leading and Lagging SectorsInformation technology shares jumped by 0.8% on Thursday.

In trading on Thursday, materials stocks fell by 0.7%.

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U.S. initial jobless claims declined by 33,000 from the previous week to 231,000 in the second week of September, compared to market estimates of 240,000.

Equities Trading UP

89bio, Inc. (NASDAQ:ETNB) shares shot up 85% to $14.97 after the company announced an agreement to be acquired by Roche.

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Nasdaq Surges 100 Points; US Initial Jobless Claims Fall

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