Summary
The Nasdaq composite made a positive reversal during morning trading Thursday. Meanwhile, chip giant Nvidia undercut its 50-day moving average on the stock market. The ProShares Bitcoin Strategy (BITO) ETF rallied 4% to 27.79. Weekly jobless claims inched up to 212,000, but remained below expectations of 215,000. The news helped boost peers including JPMorgan Chase (JPM), a Dow Jones stock. D.R. Horton (DHI) attempted to retake its 50-day line with an initial surge of more than 6%.