US stocks traded higher this morning with the Dow Jones up around 150 points on Thursday.

After Thursday’s market open, the Dow was up 0.46% to 32,948.78, while the NASDAQ was up 0.27% to 11,607.61. The S&P 500 was also up 0.36% to 4,006.30.

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Leading and lagging sectors

• Energy stocks rose 1.6% on Thursday. Meanwhile top winner in the sector included KLX Energy Services Holdings, Inc. KLXEby 17% and VETincreased by 5%.
• Financial stocks fell 0.7% in Thursday trading.

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US initial jobless claims rose 21,000 from the previous week to 211,000 for the week ended March 4, ahead of the market estimate of 195,000.

Stock trading UP

• Ocean Biomedical, Inc. OCEA Shares rose 81% to $8.47 after the company received detailed research data on discoveries of anti-tumor signaling pathways and their potential for treating non-small cell lung cancer, metastatic melanoma and glioblastoma from scientific co-founder Dr. Jack A. Elias, MD.
• shares of Solo Brands, Inc. error code got a boost, rising 23% to $4.94 after the company announced better-than-expected Q4 results.
• toro corp TORO Shares were also higher, gaining 38% to $5.32.

Stocks are trading down

• Silvergate Capital Corporation S.I Shares fell 38% to $3.0601 after the company said it would cease operations and voluntarily liquidate Silvergate Bank.
• shares of SVB Finance Group SIVB declined 35% to $173.01 after Silicon Valley Bank’s parent company announced planned offerings of common stock and convertible preferred stock.
• Fulcrum Therapeutics, Inc. FULC fell 24% to $4.76. Fulcrum Therapeutics posted a loss of $0.50 per share for the fourth quarter.

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On commodities news, oil traded up 1% to $77.42, while gold traded up 0.6% to $1,829.90.

Silver was up 0.1% on Thursday at $20.17…