What's Going On With Gaxos.AI Stock Thursday?

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling over 50 points on Thursday.

The Dow traded down 0.29% to 43,828.65 while the NASDAQ fell 0.29% to 19,175.65. The S&P 500 also fell, dropping, 0.33% to 5,965.40.

Check This Out: Jim Cramer Recommends Microsoft, Praises American Water Works For Being ‘Consistent’

Leading and Lagging Sectors

Financials shares rose by 0.3% on Thursday.

In trading on Thursday, health care shares fell by 0.9%.

Top Headline

U.S. producer prices rose 0.2% month-over-month in October compared to a revised 0.1% gain in September and in-line with market expectations.

Equities Trading UP

• AgEagle Aerial Systems, Inc. shares shot up 162% to $4.1996 after the company announced 17 new purchase orders for its eBee TAC drones from U.S. defense and security customers.
• Shares of Hillenbrand, Inc. got a boost, surging 15% to $34.53 following upbeat quarterly results.
• Gaxos.ai Inc. shares were also up, gaining 33% to $1.9210 after the company’s board approved the purchase of up to $1 million in Bitcoin as a treasury reserve asset.

Equities Trading DOWN

• Nuvectis Pharma, Inc. shares dropped 44% to $6.00 after the company reported data from its Phase 1b study evaluating NXP800.
• Shares of Sow Good Inc. were down 48% to $5.13 after the company reported worse-than-expected quarterly financial results.
• Vislink Technologies, Inc. was down, falling 25% to $4.8904 after the company reported worse-than-expected third-quarter financial results.

Commodities

In commodity news, oil traded up 0.2% to $68.54 while gold traded down 0.8% at $2,566.20.

Silver traded down 1.1% to $30.340 on Thursday, while copper fell 0.1% to $4.0780.

Euro zone

European shares were higher today. The eurozone's STOXX 600 gained 1.03%, Germany's DAX climbed 1.34% and France's CAC 40 gained 1.22%. Spain's IBEX 35 Index gained 1.21%, while London's FTSE 100 rose 0.42%.

Asia Pacific Markets

Asian markets closed lower on Thursday, with Japan's Nikkei 225 falling 0.48%, Hong Kong's Hang Seng Index falling 1.96%, China's Shanghai Composite Index dipping 1.73% and India's BSE Sensex falling 0.14%.

Economics

• U.S. initial jobless claims declined by 4,000 from the previous week to 217,000 in the week ending Nov. 9, compared to market estimates of 223,000.
• U.S. producer prices rose 0.2% month-over-month in October compared to a revised 0.1% gain in September and in-line with market expectations.

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• Nvidia To Rally Around 23%? Here Are 10 Top Analyst Forecasts For Thursday

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

U.S. stocks traded slightly lower this morning, with the Dow Jones index falling by 0.1% on Thursday.

Following the market opening, the Dow traded down 0.09% to 43,917.98 while the NASDAQ fell 0.12% to 19,208.13. The S&P 500 also fell, dropping, 0.15% to 5,976.46.

Check This Out: Jim Cramer Recommends Microsoft, Praises American Water Works For Being ‘Consistent’

Leading and Lagging Sectors

Energy shares rose by 0.1% on Thursday.

In trading on Thursday, real estate shares fell by 0.6%.

Top Headline

Cisco Systems Inc. reported better-than-expected results for its first quarter and raised its full-year 2025 guidance on Wednesday.

The company reported first-quarter revenue of $13.84 billion, beating the consensus estimate of $13.77 billion. The networking equipment maker reported adjusted earnings of 91 cents per share, beating analyst estimates of 87 cents per share.

Equities Trading UP

• AgEagle Aerial Systems, Inc. shares shot up 159% to $4.2101 after the company announced 17 new purchase orders for its eBee TAC drones from U.S. defense and security customers.
• Shares of Elevai Labs Inc. got a boost, surging 58% to $0.0389 after the company announced second-quarter results.
• Gaxos.ai Inc. shares were also up, gaining 47% to $2.12 after the company’s board approved the purchase of up to $1 million in Bitcoin as a treasury reserve asset.

Equities Trading DOWN

• Nuvectis Pharma, Inc. shares dropped 48% to $5.55 after the company reported data from its Phase 1b study evaluating NXP800..
• Shares of Sow Good Inc. were down 41% to $5.82 after the company reported worse-than-expected quarterly financial results.
• Vislink Technologies, Inc. was down, falling 43% to $3.75 after the company reported worse-than-expected third-quarter financial results.

Commodities

In commodity news, oil traded up 0.9% to $69.05 while gold traded down 0.7% at $2,568.70.

Silver traded down 0.9% to $30.400 on Thursday, while copper fell 0.1% to $4.0830.

Euro zone

European shares were higher today. The eurozone's STOXX 600 gained 1.2%, Germany's DAX climbed 1.5% and France's CAC 40 gained 1.4%. Spain's IBEX 35 Index gained 1.2%, while London's FTSE 100 rose 0.6%.

Asia Pacific Markets

Asian markets closed lower on Thursday, with Japan's Nikkei 225 falling 0.48%, Hong Kong's Hang Seng Index falling 1.96%, China's Shanghai Composite Index dipping 1.73% and India's BSE Sensex falling 0.14%.

Economics

• U.S. initial jobless claims declined by 4,000 from the previous week to 217,000 in the week ending Nov. 9, compared to market estimates of 223,000.
• U.S. producer prices rose 0.2% month-over-month in October compared to a revised 0.1% gain in September and in-line with market expectations.

Now Read This:

• Nvidia To Rally Around 23%? Here Are 10 Top Analyst Forecasts For Thursday

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

US stocks were treading water ahead of the opening bell Thursday as investors parse initial jobless claims figures and the latest producer price index reading.

Dow Jones Industrial Average futures were up 0.2%, S&P 500 futures were off 0.05%, and Nasdaq futures were edging 0.1% lower.

Oil prices were moving higher, with front-month global benchmarks North Sea Brent crude up 1.1% and US West Texas Intermediate crude rising 1.1%.

Initial jobless claims, which track how many people filed for unemployment insurance for the first time during the past week, fell to 217,000 from 221,000 the previous week and below the 224,000 expected by forecasters, according to Bloomberg.

The producer price index, which gauges the change in input prices of raw, semi-finished, or finished goods and services, rose to 0.2% in October from 0.1% in September, and matching analyst forecasts, according to Bloomberg.

And coming out later in the morning are the Energy Information Administration's crude oil Inventories, which tracks the weekly change in the number of barrels of commercial crude oil held by US firms. Inventories are expected to fall to 1 million from 2.215 million the previous month, according to Bloomberg.

In other world markets, Japan's Nikkei was off 0.5%, Hong Kong's Hang Seng tumbled nearly 2%, and China's Shanghai Composite fell 1.7%. Meanwhile in Europe's early afternoon session, the UK's FTSE 100 was rising 0.1%, while Germany's DAX 30 was climbing 1.5%, France's CAC 40 was climbing 1.3%, and Spain's IBEX 35 was climbing nearly 1%.

In equities, shares of BTC Digital jumped 43%, piling on to a 68% gain the previous session. Quantum Computing's stock surged 31%, after soaring 93% in Wednesday's trading session. Shares of Gaxos.ai advanced 55% after the company's board of directors approved Thursday the purchase of up to $1 million in Bitcoin. BTCS Inc.'s stock was up 26% after it reported Wednesday higher Q3 revenue from a year earlier. And shares of Bowman Consulting Group climbed nearly 10% following a 2% loss on Wednesday.

On the losing side, shares of Nuvectis Pharma plunged 54% after it reported data Thursday from its phase 1b trial to evaluate NXP800 in participants. Digital Brands Group shares fell 28%, eating into a 41% gain the previous session. First United Corporation (FUNC) dropped 21% after marginal loss on Wednesday. Calidi Biotherapeutics tumbled 20% after surging 60% on Wednesday. And shares of Harrow were down 18% after it reported overnight lower-than-expected Q3 total revenue.