Crude Oil Falls Sharply; US Initial Jobless Claims Decline

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 1% on Thursday. The Dow traded up 0.80% to 49,543.16 while the NASDAQ surged 1.03% to 23,714.62. The S&P 500 also rose, gaining, 0.74% to 6,977.92. Check This Out: How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q4 Earnings Leading and Lagging SectorsInformation technology shares gained by 1.5% on Thursday. In trading on Thursday, health care stocks dipped by 1.5%. Top Headline U.S. initial jobless claims declined by 9,000 from the previous week to 198,000 in the week ending Jan. 10, versus market estimates of 215,000. Equities Trading UP Callan JMB Inc. (NASDAQ:CJMB) shares shot up 208% to $3.45 after the company announced it has signed a strategic teaming agreement with Biostax Corp d/b/a Attune Biotech to provide comprehensive federal oversight services. Shares of Springview Holdings Ltd (NASDAQ:SPHL) got a boost, surging 290% to $8.96. Springview Holdings Ltd. announced a strategic partnership with Jiangsu GSO New Energy Technology Co., Ltd. to introduce solar and green-energy solutions for residential housing in Singapore. authID Inc. (NASDAQ:AUID) shares were also up, gaining 99% to $1.98 after the company announced an integration with ServiceNow. Equities Trading DOWN MetaVia Inc. (NASDAQ:MTVA) shares dropped 40% to $3.26 after the company announced the pricing of $8.1 million underwritten public offering. Shares of Caledonia Mining Corporation PLC (NYSE:CMCL) were down 19% to $26.39 after the company announced the pricing of upsized $125 million offering of 5.875% convertible senior notes due 2033. TryHard Holdings Limited (NASDAQ:THH) was down, falling 41% to $19.00 as the company announced it has entered into a Memorandum of Cooperation with STAR PARTY HK LIMITED to explore the establishment of a joint venture in Japan, potentially affecting investor sentiment. CommoditiesIn commodity news, oil traded down 4.7% to $59.08 while gold traded down 0.4% at $4,618.80. Silver traded down 1.1% to $90.405 on Thursday, while copper fell 1.5% to $5.9660. Euro zone European shares were mixed today. The eurozone's STOXX 600 rose 0.39%, while Spain's IBEX 35 Index fell 0.21%. London's FTSE 100 gained 0.56%, Germany's DAX rose 0.01% and France's CAC 40 slipped 0.23% during the session. Asia Pacific Markets Asian markets closed lower on Thursday, with Japan's Nikkei falling 0.42%, Hong Kong's Hang Seng Index declining 0.28% and China's Shanghai Composite falling 0.33%. Economics U.S. import prices increased 0.1% year-over-year in November, while export prices rose 3.3% year-over-year. U.S. initial jobless claims declined by 9,000 from the previous week to 198,000 in the week ending Jan. 10, versus market estimates of 215,000. The NY Empire State Manufacturing Index surged to 7.7 in January versus a revised reading of -3.7 in December, and topping market estimates of 1. The Philadelphia Fed Manufacturing Index jumped 21.4 points to a reading of 12.6 in January. Photo via Shutterstock