Nasdaq Down 50 Points; US Foods Posts Upbeat Earnings

U.S. stocks traded mixed this morning, with the Nasdaq Composite falling over 50 points on Thursday.

Following the market opening Thursday, the Dow traded up 0.04% to 54,373.37 while the NASDAQ fell 0.24% to 26,299.39.

The S&P 500 also fell, dropping, 0.01% to 7,723.23.

Leading and Lagging Sectors Energy shares jumped by 1.3% on Thursday.

In trading on Thursday, information technology stocks fell by 0.5%.

Top Headline US Foods Holding Corp (NYSE: USFD ) reported better-than-expected earnings for the second quarter.

The company posted quarterly earnings of $1.44 per share which beat the analyst consensus estimate of $1.36 per share.

The company reported quarterly sales of $10.532 billion which beat the analyst consensus estimate of $10.461 billion.

Equities Trading UP Clearone Inc (NASDAQ: CLRO ) shares shot up 203% to $11.15 following a Securities and Exchange Commission filing that revealed fresh progress on its planned merger with clinical-stage biopharmaceutical company Vivani Medical, Inc.‘s Cortigent, Inc. unit.

Shares of Wing Yip Food Holdings Group (NASDAQ: WYHG ) got a boost, surging 179% to $9.33.

At Aug.

6, extraordinary general meeting, Wing Yip Food’s shareholders approved delegating authority to the board to issue new shares, bonds, other securities.

Ensysce Biosciences Inc ( NASDAQ: ENSC ) shares were also up, gaining 77% to $0.64 after the company announced the acquisition of Cy Biopharma and up to $77 million in private financing.

Equities Trading DOWN Yxt Com Group Holding ( NASDAQ: YXT ) shares dropped 65% to $8.18 after the company reported pricing of $1.05 million registered direct offering.

Shares of ThredUp Inc ( NASDAQ: TDUP ) were down 47% to $3.36 after the company reported worse-than-expected Q2 EPS results and lowered its FY2026 sales guidance below estimates.

BioVie Inc (NASDAQ: BIVI ) was down, falling 44% to $1.14 after the company announced topline results of Phase 2 SUNRISE-PD trial of Bezisterim in early Parkinson’s disease.

Commodities In commodity news, oil traded up 1.1% to $76.05 while gold traded up 0.3% at $4,315.80.

Silver traded down 0.7% to $61.835 on Thursday, while copper rose 0.7% to $6.7765.

Euro zone European shares were higher today.

The eurozone’s STOXX 600 gained 0.4%, while Spain’s IBEX 35 Index rose 1.1% London’s FTSE 100 gained 0.1%, Germany’s DAX gained 0.2%, while France’s CAC 40 climbed 0.7%.

Asia Pacific Markets Asian markets closed mixed on Thursday, with Japan’s Nikkei 225 falling 0.93%, Hong Kong’s Hang Seng index falling 1.49%, China’s Shanghai Composite rising 0.57% and India’s BSE Sensex rising 0.48%.

Economics U.S. initial jobless claims rose by 1,000 to 199,000 in the final week of July, compared to market estimates of 202,000.

U.S. nonfarm business sector labor productivity increased 1.4% in the second quarter, higher than market estimates of a 0.6% gain.

Unit labor costs increased by 1.3% in the second quarter, matching the revised pace in the previous quarter.

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