- The Nasdaq closed 0.4% higher on Thursday at 14,685.
- Snap Inc. soared 17% after-hours on exceeding estimates for Q2 results.
- American Airlines returned to profitability in Q2 and increased revenue.
The US markets posted marginal gains on Thursday as companies continue to post strong results this earnings season, but strong gains were pulled back by a spike in the number of new jobless claims in the U.S. last week.
The Dow Jones rose 0.08% to finish the trading day up 25 points to close at 34,823 points.
The tech heavy NASDAQ rose 0.4% to finish the trading day up 53 points to close at 14,685 points with Amazon and Apple gaining 1.47% and 0.96% respectively.
One bitcoin is worth US$32,336 going into the Asian trading day.
The Australian dollar is stronger against the major currencies and is buying 73.83 US cents.
Popular social media company Snap Inc. soared 17% in after hours trade following the release of second quarter results that topped all estimates. For Q2 Snap reported a revenue of US$982m, an increase of 116% from the same period a year earlier, and had 293 million daily users.
American Airlines returned to profitability in the second quarter after reporting earnings for the period yesterday. The June quarter saw the airline post a profit of US$19m with the assistance of government funding support, and revenue of US$7.5bn, up 87% from the same period a year earlier. Despite the results, shares in the airline fell 1.12% yesterday.
A new ?prescription-only? app called Ensemble has launched to help treat people with both major depressive disorders and general anxiety disorders.