Stocks closed higher Thursday, with the Dow Jones Industrial Average setting intraday and closing highs, as weekly jobless claims fell to a pandemic low.
Here are some of the big movers in the stock market Thursday:
1. Kellogg | Increase 7.1%
Shares of Kellogg (K) - Get Kellogg Company Report were climbing after the breakfast cereal and packaged foods company beat Wall Street's first-quarter earnings expectations and raised its full-year guidance. Sales for the quarter totaled $3.58 billion, up from from $3.41 billion a year earlier.
2. Papa John's International | Increase 7.3%
Papa John's International shares (PZZA) - Get Papa John's International Inc. Report rose after the chain reported earnings that beat expectations. Revenue moved up 25% in the first quarter to $511.7 million from $409.9 million a year earlier.
3. WW International | Increase 26%
WW International (WW) - Get WW International Inc. Report rose after the weight-loss program operator reported a narrower-than-expected first-quarter loss. Revenue fell 20% to $331.8 million from a year earlier. Subscription revenue totaled $279.8 million. The company said subscribers increased 16% to an all-time high of 4.2 million.
4. Avid Technology | Increase 27%
Shares of Avid Technology (AVID) - Get Avid Technology Inc. Report were advancing after the software company reported better-than-expected first-quarter earnings and sales results and raised its full-year guidance. Revenue increased 9.2% to $94.4 million and subscription revenue was $24.9 million, an increase of 78% year-over-year.
5. Acushnet | Increase 20%
Acushnet (GOLF) - Get Acushnet Holdings Corp. Report advanced after the Titleist golf ball and equipment maker posted better-than-expected first-quarter earnings. Net sales totaled $580.9 million, up 42% year over year as the company reported strong demand in all categories. First quarter Titleist Brand equipment and gear net sales were up 51% year over year.