Towards the end of Thursday’s session, the Dow Jones rose 0. 25% to 35,402. 54 while the NASDAQ rose 0. 05% to 15,316. 38.
The United States has the number of coronavirus cases and deaths in the world, reporting a total of 39,399,080 cases with an estimated 642,090 deaths. India has shown a total of at least 32,857,930 cases and 439,520 deaths, while Brazil has reported more than 20,804,210 cases of COVID-19 with 581,150 deaths Overall, there have been at least 218,516,630 cases of international COVID-19 with more than 4,544,610 deaths, according to knowledge compiled through Johns Hopkins University.
Hormel Foods Corporation (NYSE: HRL) reported weaker-than-expected earnings for its third quarter and cut its full-year earnings guidance.
Hormel Foods reported quarterly adjusted earnings of $ 0. 39 consistent with participation, without market estimates of $ 0. 40 consistent with participation. The company’s quarterly sales were $ 2. 86 billion, with estimates of $ 2. 65 billion.
Hormel Foods said it now expects earnings for fiscal year 21 of $1. 65 to $1. 69 consistent with the stock, down from the previous forecast of $1. 70 to $1. 82 consistent with the stock. However, the company raised its sales forecast from $11 billion to $11. 2 billion.
Shares of Assembly Biosciences, Inc. (NASDAQ: ASMB) fell 17% to $3. 25. Assembly Biosciences has made the decision to discontinue the progression of ABI-H2158 (2158) following increased alanine transaminase (ALT) grades according to drug-induced effects. hepatotoxicity (liver damage) in the phase 2 trial. William Blair downgraded Assembly Biosciences from Outperform to Market Perform.
Shares of Meten EdtechX Education Group Ltd. (NASDAQ: METX) fell 57% to $0. 3887 after the company valued its two hundred million dollars according to the percentage it provided at $0. 30 according to the percentage of dollars.
Phreesia, Inc. (NYSE: PHR) fell, falling 10% to $62. 29 after the company reported a larger loss for the time of the quarter.
European equities closed basically higher today: the eurozone’s STOXX 600 rose 0. 31%, Spain’s Ibex index fell 0. 11% and Germany’s DAX 30 gained 0. 1%, while London’s FTSE 100 rose 0. 2%, France’s CAC 40 rose 0. 06% and Italy’s FTSE MIB. gained 0. 20%.
U. S. -based employers reported 15,723 job cuts in August.