U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining over 250 points on Thursday.
The Dow traded up 0.34% to 38,793.79 while the NASDAQ rose 1.63% to 16,292.61. The S&P 500 also rose, gaining, 1.06% to 5,158.91.
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Leading and Lagging Sectors
Communication services shares jumped by 1.9% on Thursday.
In trading on Thursday, financial shares fell by 0.3%.
Top Headline
Kroger Company (NYSE: KR) reported better-than-expected earnings for its fourth quarter.
Kroger reported fourth-quarter FY23 sales growth of 6.4% year-on-year to $37.064 billion, slightly missing the analyst consensus estimate of $37.112 billion. Adjusted EPS of $1.34 and Adjusted EPS of $1.14, excluding the 53rd week, beat the consensus of $1.13.
Equities Trading UP
Lytus Technologies Holdings PTV. Ltd. (NASDAQ: LYT) shares shot up 348% to $10.34 after the company announced the launch of Lytus Cloud.
Shares of Mind Medicine (MindMed) Inc. (NASDAQ: MNMD) got a boost, surging 50% to $8.89 after the company received FDA Breakthrough …