12:03 PM EST, 02/13/2025 (MT Newswires) -- Wall Street's major market averages were higher around midday Thursday as traders digested data on producer prices and jobless claims.

The US Producer Price Index rose by 0.4% in January, slower than an upwardly revised 0.5% gain in December, but above the 0.3% increase expected in a survey compiled by Bloomberg. After excluding food and energy prices, core PPI increased by 0.3%, as expected and slower than an upwardly revised 0.4% gain in the previous month.

US initial jobless claims fell to 213,000 in the week ended Feb. 8 from an upwardly revised 220,000 level in the previous week, compared with expectations for a smaller decrease to 216,000 in survey of analysts compiled by Bloomberg.

In corporate news, AppLovin ( APP ) shares rose over 26% in recent Thursday trading after the company late Wednesday posted higher Q4 net income and revenue and issued Q1 revenue guidance that beat market expectations.

Trade Desk ( TTD ) shares declined 32% around midday Thursday after the company posted late Wednesday Q4 revenue and issued Q1 revenue guidance that trailed analyst estimates.

Sony Group (SONY) shares rose 6.5% after the company reported higher fiscal Q3 earnings and sales and boosted its revenue outlook for the fiscal year ending March 31.

Hewlett Packard Enterprise ( HPE ) said it has shipped its first Nvidia ( NVDA ) Grace Blackwell System, the Nvidia GB200 NVL72 system. Hewlett Packard Enterprise ( HPE ) shares were down 0.1% and Nvidia ( NVDA ) shares were up 2.8%.

Unilever ( UL ) reported Thursday a lower Q4 turnover, and also said that its plans to separate its ice cream division is on track to be completed by the end of 2025. The company's shares lost 5%.

Price: 482.87, Change: +102.55, Percent Change: +26.96