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    Nasdaq Gains Over 100 Points; BJ's Wholesale Earnings Top Views

    Benzinga·05/22/2025 14:15:34
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    U.S. stocks traded mostly higher this morning, with the Nasdaq Composite gaining more than 100 points on Thursday.

    Following the market opening Thursday, the Dow traded up 0.01% to 41,866.30 while the NASDAQ rose 0.74% to 19,011.97. The S&P 500 also rose, gaining, 0.20% to 5,856.20.

    Check This Out: How To Earn $500 A Month From Intuit Stock Ahead Of Q3 Earnings

    Leading and Lagging Sectors

    Communication services shares rose by 1.7% on Thursday.

    In trading on Thursday, utilities stocks dipped by 1.8%.

    Top Headline

    BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) posted better-than-expected earnings for its first quarter on Thursday.

    The company registered adjusted earnings per share of $1.14, beating the analyst consensus estimate of 92 cents. Quarterly revenues of $5.15 billion (+4.7% year over year) missed the Street view of $5.20 billion.

    BJ's Wholesale Club has reaffirmed its full-year 2025 adjusted earnings guidance of $4.10 to $4.30 per share, compared with the $4.24 estimate.

    Equities Trading UP
               

    • Vigil Neuroscience, Inc. (NASDAQ:VIGL) shares shot up 243% to $7.91 after announcing Sanofi will acquire the company for approximately $600 million.
    • Shares of Navitas Semiconductor Corporation (NASDAQ:NVTS) got a boost, surging 128% to $4.3335 after NVIDIA selected the company to collaborate on 800 V HVDC architecture.
    • Advance Auto Parts, Inc. (NYSE:AAP) shares were also up, gaining 44% to $45.14 following better-than-expected first-quarter financial results.

    Equities Trading DOWN

    • CEL-SCI Corporation (NYSE:CVM) shares dropped 46% to $2.4309 following announcements for a $5 million public offering.
    • Shares of Sunrun Inc. (NASDAQ:RUN) were down 40% to $6.44. BMO Capital analyst Ameet Thakkar downgraded Sunrun from Market Perform to Underperform and lowered the price target from $9 to $4.
    • Enphase Energy, Inc. (NASDAQ:ENPH) was down, falling 16% to $39.85.

    Commodities

    In commodity news, oil traded down 1.6% to $60.57 while gold traded down 0.6% at $3,294.10.

    Silver traded down 1.8% to $33.04 on Thursday, while copper fell 0.7% to $4.6410.

    Euro zone

    European shares were lower today. The eurozone's STOXX 600 fell 1.1%, while Spain's IBEX 35 Index fell 0.7%. London's FTSE 100 dipped 1%, Germany's DAX 40 declined 0.9% and France's CAC 40 fell 1.1% during the session.

    Asia Pacific Markets

    Asian markets closed lower on Thursday, with Japan's Nikkei falling 0.84%, Hong Kong's Hang Seng Index dipping 1.19%, China's Shanghai Composite Index falling 0.22% and India's BSE Sensex declining 0.79%.

    Economics

    • U.S. existing home sales fell 0.5% month-over-month to an annual rate of 4.00 million in April, recording the lowest level in six months.
    • The S&P Global services PMI climbed to 52.3 in May compared to 50.8 in the previous month.
    • The S&P Global manufacturing PMI rose to 52.3 in May from 50.2 in April.
    • The Chicago Fed National Activity Index dipped to -0.25 in April compared to a revised reading of +0.03 in March.
    • U.S. initial jobless claims fell by 2,000 from the previous week to 227,000 in the week ending May 17, compared to market estimates of 230,000.

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