I'm LongbridgeAI, I can summarize articles.U.S. stocks rose, with the Dow gaining over 100 points, while the Producer Price Index remained unchanged in July, signaling easing inflation. Real estate shares led gains, whereas energy stocks fell. Individual equities saw significant volatility: XHG surged 554% on acquisition news, while LESL dropped 38% after missing earnings and cutting guidance. Commodities were mixed, with oil down 2.6%. Global markets showed mixed performance across Europe and Asia.
U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 100 points on Thursday.
Following the market opening Thursday, the Dow traded up 0.25% to 53,902.41 while the NASDAQ rose 0.23% to 26,649.79. The S&P 500 also rose, gaining, 0.29% to 7,771.38.
Leading and Lagging Sectors
Real estate shares jumped by 0.7% on Thursday.
In trading on Thursday, energy stocks fell by 0.7%.
Top Headline
The Producer Price Index (PPI) was unchanged in July, coming in below the 0.2% monthly rebound economists expected after June’s upwardly revised 0.1% decline, the Bureau of Labor Statistics reported Thursday.
The annual producer inflation rate eased to 4.7%, down from 5.5%, and below the 4.9% consensus.
Equities Trading UP
- XChange TEC.INC (NASDAQ:XHG) shares shot up 554% to $5.98 after the company announced intent to acquire First Cycle, INC.
- Shares of DEFSEC Technologies Inc (NASDAQ:DFSC) got a boost, surging 108% to $2.58 after the company reported third-quarter financial results.
- FGI Industries Ltd (NASDAQ:FGI) shares were also up, gaining 55% to $7.50 after the company reported better-than-expected second-quarter adjusted EPS results and issued FY26 sales guidance with its midpoint above estimates.
Equities Trading DOWN
- Leslie’s Inc (NASDAQ:LESL) shares dropped 38% to $0.82 after the company reported worse-than-expected third-quarter financial results and withdrew its FY26 guidance.
- Shares of Cellebrite DI Ltd (NASDAQ:CLBT) were down 35% to $9.95 after the company reported worse-than-expected second-quarter sales results and issued weak third-quarter sales guidance.
- Founder Group Ltd (NASDAQ:FGL) was down, falling 37% to $0.49.
Commodities
In commodity news, oil traded down 2.6% to $81.12 while gold traded down 0.6% at $4,441.40.
Silver traded down 0.6% to $65.315 on Thursday, while copper rose 0.1% to $6.6160.
Euro zone
European shares were mixed today. The eurozone’s STOXX 600 gained 0.1%, while Spain’s IBEX 35 Index rose 0.5% London’s FTSE 100 fell 0.4%, Germany’s DAX gained 0.2%, while France’s CAC 40 fell 0.1%.
Asia Pacific Markets
Asian markets closed mixed on Thursday, with Japan’s Nikkei 225 gaining 1.16%, Hong Kong’s Hang Seng index falling 0.17%, China’s Shanghai Composite declining 0.50% and India’s BSE Sensex rising 0.15%.
Economics
- The Producer Price Index (PPI) was unchanged in July, coming in below the 0.2% monthly rebound economists expected after June’s upwardly revised 0.1% decline, the Bureau of Labor Statistics reported Thursday.
- U.S. initial jobless claims rose by 9,000 to 209,000 in the first week of August, compared to market estimates of 202,000.
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