Nasdaq Down 1%; US Initial Jobless Claims Fall

U.S. stocks traded lower this morning, with the Nasdaq Composite falling around 1% on Thursday. Following the market opening Thursday, the Dow traded down 0.84% to 46,176.67 while the NASDAQ fell 0.99% to 21,625.40. The S&P 500 also fell, dropping, 0.71% to...

Why Is Penguin Solutions Stock Soaring Thursday?

Penguin Solutions Inc. (NASDAQ:PENG) shares rose on Thursday after the company raised its full-year net sales and EPS outlook, following stronger-than-expected second-quarter results. Financial Performance Net sales were $343 million, down 6% year over year but above...