Dow Jumps Over 100 Points; Deere Posts Upbeat Earnings

U.S. stocks traded higher toward the end of trading, with the Dow Jones index surging more than 100 points on Thursday.

The Dow traded up 0.33% to 44,514.10 while the NASDAQ rose 0.83% to 19,812.30. The S&P 500 also rose, gaining, 0.52% to 6,083.72.

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Leading and Lagging Sectors

Materials shares jumped by 1.1% on Thursday.

In trading on Thursday, industrials shares fell by 0.2%.

Top Headline

Deere & Co DE reported better-than-expected earnings for its first quarter.

The company posted a first-quarter 2025 net sales and revenue decline of 30% year-over-year to $8.51 billion, beating the consensus of $7.70 billion.

Net sales were $6.809 billion for the quarter, compared with $10.486 billion in 2024. Deere clocked an EPS of $3.19, down from $6.23 in the prior year, beating the consensus of $3.14.

Equities Trading UP
                       

• AppLovin Corporation APP shares shot up 21% to $461.20 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter revenue guidance above estimates.
• Shares of Dutch Bros Inc. BROSgot a boost, surging 27% to $82.11 following better-than-expected quarterly financial results.
• Edesa Biotech, Inc. EDSA shares were also up, gaining 81% to $3.3651. The company announced a $15 million private placement.

Equities Trading DOWN

• Digital Ally, Inc. DGLY shares dropped 52% to $0.0739 after the company priced a $15 million underwritten public offering.
• Shares of The Trade Desk, Inc. TTD were down 33% to $82.17 following downbeat quarterly revenue.
• West Pharmaceutical Services, Inc. WST was down, falling 34% to $213.18 following weak FY25 guidance.

Commodities

In commodity news, oil traded up 0.1% to $71.40 while gold traded up 0.6% at $2,945.00.

Silver traded down 0.3% to $32.690 on Thursday, while copper rose 1.5% to $4.7735.

Euro zone

European shares were mostly higher today. The eurozone’s STOXX 600 rose 1.09%, Germany’s DAX 40 rose 2.09% and France’s CAC 40 rose 1.52%. Spain’s IBEX 35 Index rose 0.19%, while London’s FTSE 100 fell 0.49%.

Asia Pacific Markets

Asian markets closed mostly lower on Thursday, with Japan’s Nikkei 225 gaining 1.28%, China’s Shanghai Composite Index falling 0.42%, Hong Kong’s Hang Seng Index falling 0.20% and India’s BSE Sensex falling 0.04%.

Economics

• The Producer Price Index surged 3.5% year over year in January, according to Thursday’s release from the Bureau of Labor Statistics.
• U.S. initial jobless claims declined by 7,000 from the previous week to 213,000 during the first week of February, down from market estimates of 215,000.
• U.S. natural gas stocks fell 100 billion cubic feet in the week ending Feb. 7, compared to market estimates of a 92 bcf decline.

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