U.S. stocks traded higher midway through trading, with the Dow Jones index gaining around 150 points on Thursday.
The Dow traded up 0.42% to 38,585.09 while the NASDAQ fell 0.19% to 15,828.29. The S&P 500 also rose, gaining, 0.15% to 5,008.09.
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Leading and Lagging Sectors
Real estate shares rose by 1.7% on Thursday.
In trading on Thursday, communication services shares fell by 0.7%.
Top Headline
On Wednesday, Cisco Systems, Inc. (NASDAQ: CSCO) reported better-than-expected second-quarter financial results but issued weak full-year 2024 guidance.
Cisco sees full-year 2024 revenue of $51.5 billion-$52.5 billion, versus estimated revenue of $54.26 billion and adjusted EPS of $3.68-$3.74, versus the street view of $3.86.
The company also announced a restructuring plan to cut approximately 5% of its global workforce.
Equities Trading UP
JX Luxventure Limited (NASDAQ: JXJT) shares shot up 200% to $3.90 following H1 results.
Shares of SoundHound AI, Inc. (NASDAQ: SOUN) got a boost, surging 49% to $3.3650 after AI darling Nvidia reported a stake in the company.
Nano-X Imaging Ltd. (NASDAQ: NNOX) shares were also up, gaining 63% to $10.34. Nvidia reported a 59,632 share stake in Nano X Imaging.
Equities Trading DOWN
Herbalife Ltd. (NYSE: HLF) shares dropped 35% to $7.68 following weak quarterly …
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