U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining over 150 points on Thursday.



The Dow traded up 0.54% to 50,186.91 while the NASDAQ rose 0.63% to 25,328.88. The S&amp;P 500 also rose, gaining, 0.26% to 7,285.56.



Leading and Lagging Sectors



Industrials shares jumped by 1.5% on Thursday.



In trading on Thursday, communication services stocks fell by 1.6%.



Top Headline



Driven Brands Holdings Inc (NASDAQ:DRVN) reported better-than-expected first-quarter adjusted EPS results and reaffirmed its FY26 adjusted EPS and sales guidance.



Equities Trading UP            



<ul>
<li>Propanc Biopharma Inc (NASDAQ:PPCB) shares shot up 314% to $5.59 after the company announced a $5 million share repurchase program.</li>



<li>Shares of Enliven Therapeutics Inc (NASDAQ:ELVN) got a boost, surging 10% to $40.67 after the company announced efficacy Phase 1 data for ELVN-001 in patients with chronic myeloid leukemia.</li>



<li>Navan Inc (NASDAQ:NAVN) shares were also up, gaining 12% to $23.41 after the company reported better-than-expected quarterly financial results and raised its FY27 sales guidance above estimates.</li>
</ul>



Equities Trading DOWN



<ul>
<li>Dana Inc (NYSE:DAN) shares dropped 13% to $30.95 after the company announced that it will merge with Eaton’s Mobility unit to create a combined entity with an enterprise value of over $10 billion.</li>



<li>Shares of Atossa Therapeutics Inc (NASDAQ:ATOS) were down 41% to $2.58 after the company announced registered direct offering of up to $16.5 million in gross proceeds.</li>



<li>Oracle Corp (NYSE:ORCL) was down, falling 12% to $176.72 after the company reported its fourth-quarter financial results. Also, it expects to raise approximately $40 billion through a combination of debt and equity financing, including its previously announced $20 billion at-the-market equity issuance.</li>
</ul>



Commodities In commodity news, oil traded up 0.7% to $90.62 while gold traded down 0.7% at $4,103.10.



Silver traded down 0.7% to $64.275 on Thursday, while copper rose 0.1% to $6.2730.



Euro zone



European shares were higher today. The eurozone's STOXX 600 gained 1.1%, while Spain's IBEX 35 Index rose 1.4%. London's FTSE 100 rose 1.1%, Germany's DAX gained 0.5%, while France's CAC 40 rose 1.1%.



Asia Pacific Markets



Asian markets closed mostly lower on Thursday, with Japan's Nikkei 225 gaining 0.06%, Hong Kong's Hang Seng Index declining 0.65%, China's Shanghai Composite dipping 0.16% and India's BSE Sensex falling 0.20%.



Economics



<ul>
<li>U.S. initial jobless claims increased by 4,000 to a three-month high of 229,000 during the first week of June, compared to market estimates of 219,000.</li>



<li>Producer prices for final demand rose 1.1% month-over-month in May, the same as in April.</li>
</ul>



Photo via Shutterstock

.DJI

PPCB

ORCL

U.S. stocks rose mid-week, with the Nasdaq gaining over 150 points and the Dow up 0.54%. Driven Brands reported strong Q1 earnings, while Propanc Biopharma surged on a buyback announcement. Conversely, Dana Inc fell after merger news, and Oracle dropped following its quarterly results and financing plans. Oil prices edged higher, while gold declined. European markets gained, but Asian markets closed mostly lower. U.S. initial jobless claims exceeded expectations.

- U.S. stocks rose, with the Dow up 0.54%, Nasdaq gaining 0.63%, and S&P 500 increasing by 0.26%.  
- Driven Brands Holdings exceeded EPS expectations, while Propanc Biopharma surged 314% after announcing a share buyback.  
- In commodities, oil increased by 0.7%, while initial jobless claims rose to 229,000, surpassing estimates.

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Crude Oil Edges Higher; Driven Brands Posts Upbeat Earnings