Nasdaq Jumps Over 200 Points; Dillard’s Shares Gain After Q1 Earnings

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 200 points on Thursday.

The Dow traded up 0.68% to 50,031.50 while the NASDAQ gained 0.85% to 26,625.71. The S&P 500 also rose, gaining, 0.70% to 7,497.13.

Leading and Lagging Sectors

Information technology shares jumped by 0.9% on Thursday.

In trading on Thursday, materials stocks fell by 0.5%.

Top Headline

Dillard’s Inc (NYSE:DDS) shares gained around 3% on Thursday as the company reported upbeat earnings for the first quarter.

The company posted quarterly earnings of $16.04 per share which beat the analyst consensus estimate of $10.37 per share. The company reported quarterly sales of $1.568 billion which beat the analyst consensus estimate of $1.555 billion.

Equities Trading UP
           

• Snail Inc (NASDAQ:SNAL) shares shot up 173% to $1.37 after the company reported better-than-expected first-quarter financial results
• Shares of POET Technologies Inc (NASDAQ:POET) got a boost, surging 29% to $18.55 after the company announced it …

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