Dow Surges More Than 250 Points; US Weekly Jobless Claims Rise

Midday Market Update: Dow Rises, Tech Stocks Retreat

U.S. equities showed a mixed performance at midday Thursday. The Dow Jones Industrial Average advanced by over 250 points, climbing 0.54% to reach 49,261.60. In contrast, the NASDAQ slipped 0.62% to 23,437.73, and the S&P 500 edged down 0.05% to 6,917.76.

Analyst Spotlight

Sector Performance

• Industrials: Led the market with a 1.4% gain.
• Information Technology: Fell by 1.4% during Thursday's session.

Key Economic Data

Initial jobless claims in the U.S. rose by 8,000 to 208,000 for the week ending January 3, slightly below the anticipated 210,000.

Stocks on the Move

Gainers

• Flyexclusive Inc: Shares soared 126% to $7.10 after the company was appointed as an authorized Starlink Aviation dealer.
• Enliven Therapeutics Inc: The stock surged 54% to $23.81 following the release of early data from its ongoing Phase 1b ENABLE trial for ELVN-001 in chronic myeloid leukemia patients.
• MoonLake Immunotherapeutics: Shares climbed 29% to $14.54 after the FDA indicated that substantial evidence for hidradenitis suppurativa efficacy could be established without further clinical trials.

Decliners

• Immuneering Corp: Shares dropped 39% to $5.10 after the company shared updated survival and safety results from its Phase 2a trial in pancreatic cancer patients.
• Acrivon Therapeutics Inc: The stock fell 31% to $2.05 after releasing new clinical data for ACR-368 and updates on its pipeline, including ACR-2316 and ACR-6840.
• CorMedix Inc: Shares declined 23% to $8.00 following the announcement of preliminary fourth-quarter and full-year 2025 revenue figures.

Commodities Update

• Oil: Rose 1.8% to $56.98 per barrel.
• Gold: Dipped 0.1% to $4,456.70 per ounce.
• Silver: Fell 3.6% to $74.82.
• Copper: Dropped 1.7% to $5.76.

Global Markets Overview

Europe

• European stocks ended the day with mixed results. The STOXX 600 for the eurozone slipped 0.27%.
• Spain's IBEX 35 gained 0.27%.
• London's FTSE 100 edged down 0.06%.
• Germany's DAX lost 0.08%.
• France's CAC 40 inched up 0.06%.

Asia-Pacific

• Japan's Nikkei 225 dropped 1.63%.
• Hong Kong's Hang Seng Index decreased 1.17%.
• Shanghai Composite in China slipped 0.07%.
• India's BSE Sensex fell 0.92%.

Economic Highlights

• U.S. initial jobless claims increased by 8,000 to 208,000, slightly below forecasts.
• Labor productivity in the nonfarm business sector rose 4.9% in Q3, following a revised 4.1% increase in Q2.
• Unit labor costs in the nonfarm sector declined 1.9% in Q3, defying expectations of a 1.0% rise.
• The U.S. trade deficit narrowed to $29.4 billion in October, the smallest since June 2009, compared to a revised $48.1 billion in September and market expectations of $58.1 billion.

Further Reading

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