The NASDAQ closes above 11,000 mark for the first time in over a year

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The NASDAQ closes above 11,000 mark for the first time in over a year

The NASDAQ gained around 100 points on Thursday, with the U.S. stocks trading higher toward the end of trading.

The Dow was up 0.27% to 33,689. The NASDAQ rose 0.92% to 11,059. The S&P 500 went up by 0.54% to 3,955. Also check this: Why Are Lululemon Analysts Boosting Their Price Targets Ahead of Earnings?

Information technology shares went up by 1.2% on Thursday. Agora, Inc. API, up 20%, and TeraWulf Inc. WULF, up 23%, were the top gainers in the sector.

In trading on Thursday, communication services shares fell by 0.3%.

Ciena reported a fourth quarter of FY 22 revenue decline of 6.8% year-on-year to $971 million, beating the consensus of $849.9 million. Non-GAAP EPS of $0.61 surpassed estimates.

Eiger BioPharmaceuticals, Inc. shares fell 70% to $1.1350 after the company announced topline primary week 48 data from Phase 3D-LIVR study of lonafarnib in two regimens in patients with chronic hepatitis Delta Virus HDV. Also check out: Robinhood, NetApp and These 2 Other Stocks Insiders Are Selling

In commodity news, oil traded up 0.5% to $72.39, while gold traded up 0.1% at $1,800. On Thursday, silver traded up 1.4% to $23.235, while copper rose 0.4% to $3.8770.

European shares closed today, but were mostly lower. The eurozone's STOXX 600 fell 0.17%, London's FTSE 100 fell 0.23% and Spain's IBEX 35 Index fell 0.79%. The German DAX gained 0.02%, the French CAC 40 fell 0.20% and Italy's MIB Index fell 0.14%.

Asian markets closed on Thursday with Japan's Nikkei dropping 0.40% and Hong Kong's Hang Seng Index jumping 3.38%. The Shanghai Composite Index fell 0.07%.

In November, Japan's service sector sentiment fell by 1.8 points from the previous month to 48.1 in November, while the value of loans in Japan increased by 2.7% year-over-year. Japan had a deficit of JPY 64.1 billion in October, while the country s economy contracted an annualized 0.8% during the third quarter.

In the week ending December 3, US initial jobless claims rose by 4,000 to 230,000.

The EIA said US natural gas supplies dropped 21 billion cubic feet last week.

The U.S. has the highest number of deaths and coronaviruses in the world, with a total of 101,104, 270 cases with around 1,108, 810 deaths. India reported a total of 44,675, 280 cases and 530,640 deaths, while France reported over 38,259, 830 COVID 19 cases with 159,450 deaths. There were more than 6,652, 430 deaths in total of 651,761, 810 cases of COVID 19 in the world.