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European Equities Traded in the US as American Depositary Receipts Track Higher in Thursday Trading

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European equities traded in the US as American depositary receipts were heading higher late Thursday morning, rising 0.85% to 1,947.79 on the S&P Europe Select ADR Index.

From continental Europe, the gainers were led by accommodations booking site trivago (TRVG) and pharmaceutical company Ascendis Pharma (ASND), which advanced 4.8% and 2.2% respectively. They were followed by lender Banco Bilbao Vizcaya Argentaria (BBVA) and internet ad firm Criteo (CRTO), which were up 1.7% and 0.9% respectively.

The decliners from continental Europe were led by biotech firm BioNTech (BNTX) and internet browser company Opera (OPRA), which dropped 2.3% and 2.1% respectively. They were followed by biopharmaceutical company Cellectis (CLLS) and biotech company Evaxion (EVAX), which lost 1.8% and 1.3% respectively.

The gainers from the UK were led by communications company WPP (WPP) and biotech firm Trinity Biotech (TRIB), which surged 26% and 11% respectively. They were followed by biotech company Autolus Therapeutics (AUTL) and alcoholic beverage company Diageo (DEO), which rose 5.3% and 4.4% respectively.

The decliners from the UK and Ireland were led by biopharmaceutical company Biodexa Pharmaceuticals (BDRX) and medical device maker Smith & Nephew (SNN), which fell 4.4% and 1.9% respectively. They were followed by educational publisher Pearson (PSO) and biopharmaceutical company Mereo BioPharma Group (MREO), which were down 1.6% and 1.2% respectively.

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Update: US Equity Indexes Mixed as Mega-Cap Communication Services, Tech Names Weigh, Strait of Hormuz Safe Route Emerges

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Update: US Equity Indexes Mixed as SpaceX Hits Nasdaq, Deal Reportedly Reached on Proposed Hormuz Route

(Updates with index/price moves, macroeconomic data and company/geopolitical news from the first paragraph.)US equity indexes traded mixed as declines in SpaceX (SPCX) and Advanced Micro Devices (AMD) restrained the Nasdaq Composite amid reports that Iran and Oman have agreed on a proposed route through the Strait of Hormuz, the chokepoint for about a fifth of global oil and natural gas flows.The Nasdaq Composite fell 0.5% to 26,454.2, and the S&P 500 was little changed at 7,737.4 after midday Wednesday. The Dow Jones Industrial Average rose 0.8% to 54,523.5. Communication services, energy and utilities led decliners. Materials and healthcare topped gainers.SpaceX (SPCX) reported Q2 capital expenditures of $18.37 billion, up from $2.83 billion a year ago, taking the shine off a narrower-than-expected loss and above-consensus revenue growth. Shares slumped 11%, the worst performer on the Nasdaq.SpaceX Chief Executive Elon Musk said on the company's first-ever earnings call that it will build AI services exclusively on Nvidia's (NVDA) systems. Shares of Nvidia jumped 4.3%, one of the top gainers on the Nasdaq and the Dow.Shares of Advanced Micro Devices dropped 6%, one of the steepest decliners on the Nasdaq, after analysts, in a post-earnings conference call late Tuesday, raised questions about the chipmaker's gross margin trajectory. The company reported fiscal Q2 adjusted earnings and revenue above market expectations, and Q3 sales guidance beat consensus.The pace of data center AI ramp is "very important because, from [a] revenue opportunity perspective, we see [a] large incremental revenue opportunity from data center AI," AMD Chief Financial Officer Jean Hu said on the call, according to a FactSet transcript. "Once it ramps, not only [will] it add tremendous revenue for the company, but also gross profit, even though the gross margin is slightly below corporate average."Meanwhile, Iran said it has reached a deal with Oman on a proposed shipping route through the Strait of Hormuz, a potential step toward a reopening of the waterway for energy supplies, Bloomberg reported Wednesday.A joint statement from the two countries is in the final drafting stage, Iran's foreign ministry spokesman Esmail Baghaei was cited as saying Wednesday, Bloomberg reported. Talks between Iran and Oman are "forward-moving," and an agreement would be struck "if certain third parties do not obstruct this process," Baghaei was cited as saying, according to the report.The front-month US West Texas Intermediate crude oil dropped 1.5% to $74.65 a barrel, and global benchmark North Sea Brent declined 0.7% to $78.79 a barrel.Gold futures surged 3.6% to $4,302.3, and silver futures advanced 3.3% to $62.23.In economic news, the Institute for Supply Management's US services index rose to 54.1 in July from 54.0 in June, compared with expectations for 54.5 in a Bloomberg-compiled survey. The reading suggests faster expansion, in line with other measures but in contrast with the Richmond Fed print signaling contraction.The S&P Global US services index was revised upwards to 54.6 in July from the 53.6 flash reading, compared with expectations for no revision in a survey compiled by Bloomberg. The July index is above the 51.2 reading in June and is the highest for nine months.ADP's monthly measure of private payrolls showed a 44,000 increase in July, below expectations in a Bloomberg-compiled poll for a gain of 65,000. The July increase followed a downwardly revised 95,000 jobs increase in June.US Treasury yields were little changed to mixed after midday Wednesday. The 10-year yield leaned less than one basis point lower to 4.62%, while the two-year was steady at 4.19%.

Dow JonesNasdaq CompositeS&P 500$AMD$NVDA$SPCX
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Exchange-Traded Funds, US Equities Mixed After Midday

Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV were mixed after midday Wednesday, with the latter up 0.1%. Actively traded Invesco QQQ Trust (QQQ) lost 0.4%.US equity indexes traded mixed amid a sharp sell-off in communication services and reports that Iran and Oman have agreed on a proposed shipping route through the Strait of Hormuz.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each lost 1.8%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained 0.1%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) dropped 0.3% each.The State Street SPDR S&P Semiconductor (XSD) was down 2.3%, and iShares Semiconductor (SOXX) fell 1.1%.FinancialThe State Street Financial Select Sector SPDR (XLF) rose 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) advanced 0.6%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 0.7%.CommoditiesCrude oil declined 1.3%, and the United States Oil Fund (USO) fell 1.2%. Natural gas gained 0.3%, and the United States Natural Gas Fund (UNG) increased 0.3%.Gold on Comex added 3.6%, and the State Street SPDR Gold Shares (GLD) rose 4%. Silver gained 3.5%, and iShares Silver Trust (SLV) was up 4.3%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) declined 0.1%. The Vanguard Consumer Staples ETF (VDC) slipped 0.3%, and iShares Dow Jones US Consumer Goods (IYK) shed 0.2%.The State Street Consumer Discretionary Select Sector SPDR (XLY) rose 0.2%. VanEck Retail ETF (RTH) dipped 0.2%, and the State Street SPDR S&P Retail (XRT) declined 0.6%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) and iShares US Healthcare (IYH) gained 1% each, while Vanguard Health Care ETF (VHT) added 0.8%. IShares Biotechnology ETF (IBB) was up 0.8%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) rose 0.2%. Vanguard Industrials Index Fund (VIS) was up 0.1% and iShares US Industrials (IYJ) was 0.2% higher.CryptocurrencyIn midday activity, bitcoin (BTC-USD) added 0.8%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) rose 0.6%, ProShares Ether ETF (EETH) was up 0.7%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was fractionally higher.

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH