Nasdaq 100 index rose vigorously on Thursday with strong support from energy companies and the information technology sector. Crude oil prices were pushed higher today due to short covering. Brent crude almost reached $47 per barrel while U.S benchmark WTI surpassed the $44 per barrel.
Skyworks Solutions’ shares topped the list of the day’s best performers, trading up nearly 6%. Following close behind were NVIDIA Corp and Vertex Pharmaceuticals Inc, which advanced more than 3% each. Apple remained among the biggest gainers today, extending the rally that has been fueled by high demand for its new iphone 7.
Among the 23 company shares trading lower today, the worst component so far is Ulta Salon Cosmetics and Fragrance IncIncyte (INCY), down 1.66%.
On balance, gainers seem to be outweighing losers by a big margin and weak US economic data has pushed stocks higher as chances of an immediate rate hike by the Fed seem low.
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