Stock Market Today: Live Updates | Real Time Headlines

Here are some stocks that saw big moves in midday trading:

• his and her health — Shares of Eli Lilly and Company tumbled nearly 14% after the Food and Drug Administration said shortages of its popular Zepbound and Mounjaro diet pills have been resolved. Hims & Her Health has previously developed compounded versions of these drugs to take advantage of shortages.
• Joby Air – Shares fell more than 7%, giving up the previous day’s gains. On Wednesday, Joby surged nearly 28% after Toyota declare It invested $500 million in the company to support the certification and production of its electric air taxis.
• Levi Strauss – Denim maker shares fell more than 7% Lowers full-year revenue forecast It also reported weaker-than-expected third-quarter revenue. Levi is also considering selling its Dockers business, which the company says has been underperforming.

read here Get the full list.

— Sean Conlon

U.S. crude oil prices rose 7% this week, pushing the commodity above key technical levels.

West Texas Intermediate Crude Oil Futures It was trading at $73.03 a barrel, above its 50-day moving average of $72.89. This is the first time since August 14 that WTI has breached the closely watched level.

Chart traders use moving averages to measure a security’s momentum. A break above the 50-day moving average indicates positive short-term momentum.

Energy and information technology outperformed the S&P 500 on Thursday. The broader market index fell just 0.1% on the day.

Meanwhile, energy stocks rose 1.1% as oil prices continued to rise on concerns about supply disruptions due to rising tensions in the Middle East. Valero Energy Corporation and Diamondback Energy Each improved by 2%.

Information technology rose about 0.9%, with shares of chip manufacturing giants rising NVIDIA up 3.5%.

— Kim Ha Kyung

U.S. crude oil It surged on Thursday, posting a third straight day of gains, as traders prepared for Israeli retaliation against an Iranian ballistic missile attack.

this US benchmark The intraday high hit $73.95/barrel, an increase of about 5.5%. West Texas Intermediate crude rose more than 7% this week.

Claudio Galimberti, chief economist at Rystad Energy, said that as the war in the Middle East intensifies, the risk of oil supply disruptions increases, but OPEC+ has a large amount of spare crude oil that may make up for this gap.

— Spencer Kimball

Bank stocks opened lower on Thursday, SPDR S&P Bank ETF (KBE) in red.

Among the major bank names, Bank of America fell by 0.9%, while JPMorgan Chase down 0.7%.

On Thursday, KBE was down about 2% for the week. It would be the second consecutive week of negative readings for the first time since August.

The U.S. services sector posted its strongest performance in a year and a half in September, according to a survey Thursday from the Institute for Supply Management.

this ISM service index It showed 54.9% of companies reported expansion, up from 51.9% in August and better than the 55.4% forecast by Dow Jones. This is the highest reading since February 2023.

Elsewhere in the survey, the employment index fell to 48.1%, indicating contraction. But this was offset by sharp increases in output, new orders, new export orders and inventory indexes.

——Jeff Cox

Stocks opened lower on Thursday.

this Dow Chemical and S&P 500 Index Each fell about 0.3% shortly after 9:30 a.m. ET. this Nasdaq Index down 0.5%.

— Alex Harling

Berkshire Hathaway sells another big deal Bank of America Shares held in the past three trading days bring its remaining stake to 10.2%

A new report shows that Warren Buffett’s conglomerate sold more than 8.5 million shares of the bank worth $338 million. Supervision filing.

Berkshire sold more than $9 billion worth of bank stocks in a massive selloff that began in mid-July. Once the shareholding ratio drops below 10%, Berkshire will no longer disclose relevant transactions within two working days.

Bank of America CEO Brian Moynihan previously said the market was absorbing the stock, helped by the bank’s own buybacks.

— Yun Li

Check out the companies making headlines before the bell:

• Wolf speed – Mizuho shares fell nearly 5% after Mizuho downgraded its rating on semiconductor stocks to underperform from neutral. The company expects the price of silicon carbide, a semiconductor material used in electric vehicles, to fall by about 10% to 20% year-on-year by 2025. Another potential headwind for the company.
• his and her health — Shares of Eli Lilly and Company’s telemedicine company fell about 9% after the Food and Drug Administration said a shortage of its GLP-1 treatment had been resolved. Hims & Her Health has previously developed compound diet pills in response to shortages.

The full list can be found here.

— Kim Ha Kyung

Initial jobless claims rose slightly last week, slightly higher than expected. Department of Labor Report Thursday.

Initial jobless claims totaled 225,000 in the week ended September 28, an increase of 6,000 from the previous upwardly revised total and higher than the Dow Jones consensus estimate of 220,000. The four-week moving average, which smoothes weekly volatility, edged lower despite the increase in initial jobless claims.

Continuing claims were at 1.826 million, little changed from the FactSet estimate of 1.836 million.

——Jeff Cox

NVIDIA CEO Jensen Huang said demand for its next-generation artificial intelligence graphics processor, Blackwell, has surged.

“Blackwell is in full production, Blackwell is on schedule, and the demand for Blackwell is crazy,” he told CNBC.Ending bell: overtime“Wednesday. “Everyone wants to have the most, everyone wants to be No. 1.

The CEO also said he expects to update the company’s new generation of AI infrastructure every year.

“At a time when technology is moving so fast, it provides us with the opportunity to triple our efforts and really drive the innovation cycle so that we can increase capabilities, increase throughput, lower costs and reduce energy consumption,” he continued. “We’re working hard to do that and everything is on track.”

Huang previously said the new chips are expected to ship in the fourth quarter explain. he declare Blackwell back in March.

Shares of artificial intelligence chip giant Nvidia rose more than 1% in pre-market trading on Thursday following the CEO’s remarks.

With more than half of the trading week in the past, all three major stock indexes were ultimately in the red.

this Nasdaq Index There was a huge loss this week, falling more than 1%. this S&P 500 Index and Dow Chemical They are down 0.5% and 0.3% respectively so far this week.

— Alex Harling

this Energy Select Sector SPDR Fund (XLE) Shares edged higher in pre-market trading on Thursday, pointing to further gains for the group following a strong week.

Energy stocks top performer among 11 sectors S&P 500 Index Week so far. The sector would close with a gain of more than 4%, which would be its best week since January. (By comparison, the S&P 500 will end the week down 0.5%.)

rattlesnake This week, the sector gained more than 6%, leading the sector higher. marathon oil Secondly, the increase was more than 5.5%.

Meanwhile, XLE sector funds have gained over the past four sessions as investors assess evolving tensions in the Middle East.

— Alex Harling

European stocks opened lower on Thursday as conflict in the Middle East weighed on investor sentiment in the region.

Pan-European Stoke 600 It was down 0.28% in early trading, with losses across almost all sectors and on most major exchanges. Mining stocks led the decline, falling 0.79%, while oil and gas stocks were the only exception, rising 0.14%.

— Karen Gilchrist

shares levi strauss & co. Shares fell more than 9.5% in after-hours trading Wednesday after the jeans maker reported that its overall business was weighed down by its Dockers brand. The company announced it is now considering selling the brand.

Levi’s reported mixed quarterly results, with adjusted earnings of 33 cents per share on revenue of $1.52 billion. Meanwhile, analysts polled by London Stock Exchange Group (LSEG) expected earnings before items of 31 cents per share on revenue of $1.55 billion. The company also lowered its guidance.

Levi’s brand sales grew 5% in the third fiscal quarter, but overall revenue was flat. Dockers sales fell 15% this quarter.

For more on Levi’s latest quarterly earnings, read here.

— Piasinger, Gabriel Fongrug