US Stocks Mixed; GE Aerospace Posts Upbeat Earnings

Benzinga
01-23

U.S. stocks traded mixed this morning, with the Dow Jones index gaining around 50 points on Thursday.

Following the market opening Thursday, the Dow traded up 0.15% to 44,221.41 while the NASDAQ fell 0.46% to 19,917.03. The S&P 500 also fell, dropping, 0.14% to 6,078.07.

Check This Out: This Electronic Arts Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday

Leading and Lagging SectorsEnergy shares surged by 0.7% on Thursday.

In trading on Thursday, information technology shares fell by 0.7%.

Top Headline

GE Aerospace (NYSE:GE) reported better-than-expected earnings for its fourth quarter.

The company reported fourth-quarter adjusted revenue growth of 16% year-over-year to $9.879 billion and GAAP revenue of $10.812 billion. The analyst consensus was $9.604 billion. Adjusted EPS for the quarter was $1.32 (+103% Y/Y), beating the consensus of $1.04.

Equities Trading UP                       

  • Diginex Limited (NASDAQ:DGNX) shares shot up 125% to $16.90. Diginex announced the pricing of $9.225 million initial public offering of 2.25 million shares at a price of $4.10 per share.
  • Shares of Vince Holding Corp. (NYSE:VNCE)got a boost, surging 81% to $4.2608 after the company announced P180 is acquiring a majority stake in the company.
  • N2OFF, Inc. (NASDAQ:NITO) shares were also up, gaining 43% to $1.15. N2OFF and Solterra announced a 1-year renewable energy partnership in Albania for solar and battery projects.

Equities Trading DOWN

  • Icon Energy Corp. (NASDAQ:ICON) shares dropped 66% to $0.4498 after the company announced a $12 million public offering
  • Shares of Vertical Aerospace Ltd. (NASDAQ:EVTL) were down 39% to $5.67 after the company announced a $90 million public offering.
  • Jupiter Neurosciences, Inc. (NASDAQ:JUNS) was down, falling 31% to $2.46.

CommoditiesIn commodity news, oil traded up 0.1% to $75.45 while gold traded down 0.9% at $2,746.40.

Silver traded down 2.6% to $30.590 on Thursday, while copper fell 0.7% to $4.2710.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 gained 0.1%, Germany's DAX 40 rose 0.2% and France's CAC 40 gained 0.4%. Spain's IBEX 35 Index rose 0.2%, while London's FTSE 100 rose 0.1%.

Asia Pacific Markets

Asian markets closed mostly higher on Thursday, with Japan's Nikkei 225 gaining 0.79%, China's Shanghai Composite Index gaining 0.51%, Hong Kong's Hang Seng Index falling 0.40% and India's BSE Sensex gaining 0.15%.

Economics

U.S. initial jobless claims increased by 6,000 from the previous week to 223,000 in the week ending Jan. 18, compared to market estimates of 220,000.

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