U.S. stocks traded lower this morning, with the Dow Jones dropping more than 300 points on Thursday.
Following the market opening Thursday, the Dow traded down 1.03% to 29,374.66 while the NASDAQ fell 1.65% to 10,869.59. The S&P 500 also fell, dropping, 1.23% to 3,673.20.
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Leading and Lagging Sectors
Health care shares fell by just 0.7% on Thursday.
In trading on Thursday, real estate shares dipped by 2.5%.
Top Headline
US initial jobless claims declined by 16,000 to 193,000 in the week ended September 24, recording the lowest since the end of April.
Equities Trading UP
- Motus GI Holdings, Inc. (NASDAQ:MOTS) shares shot up 69% to $3.9550 after the company was recognized as a sole source provider by the Veterans Health Administration.
- Shares of Hempacco Co., Inc. (NASDAQ:HPCO) got a boost, shooting 18% to $2.8363. Hempacco recently announced the release of Hemp Hop Smokables on www.HempHop.shop.
- Aditxt, Inc. (NASDAQ:ADTX) shares were also up, gaining 18% to $3.5991. Aditxt said it Has regained compliance with Nasdaq listing requirements.
Equities Trading DOWN
- Sunlight Financial Holdings Inc. (NYSE:SUNL) shares tumbled 38% to $1.54 after the company announced it is withdrawing its previously-provided full-year 2022 outlook metrics.
- Shares of SOBR Safe, Inc. (NASDAQ:SOBR) were down 33% to $1.6550 after the company announced pricing of a $6 million private placement priced at-the-market.
- Twin Vee Powercats Co. (NASDAQ:VEEE) was down, falling 27% to $2.60 after the company priced a 2.5 million share public offering at $2.75 per share.
Also check out: Investor Fear Eases Slightly After Dow Jumps Over 500 Points
Commodities
In commodity news, oil traded down 0.2% to $81.96, while gold traded down 0.3% at $1,664.80.
Silver traded down 0.5% to $18.78 on Thursday while copper rose 1.2% to $3.3990.
Euro zone
European shares were lower today. The eurozone’s STOXX 600 fell 1.4%, London’s FTSE 100 fell 1.5% while Spain’s IBEX 35 Index fell 1.7%. The German DAX dropped 1.5%, French CAC 40 fell 1.3% and Italy’s FTSE MIB Index fell 1.9%.
The consumer confidence indicator in the Eurozone dropped by 3.8 points to -28.8 in September, while economic sentiment indicator fell 3.6 points from a month ago to 93.7. Industrial producer prices in Italy climbed 40.1% year-over-year in August, while Spanish consumer price inflation eased to 9.0% year-over-year in September. UK car production surged 34% year-over-year to 49,901 units in August.
Economics
- The US economy shrank an annualized 0.6% on quarter in the second quarter, compared to a 1.6% decline in the prior quarter.
- US initial jobless claims declined by 16,000 to 193,000 in the week ended September 24, recording the lowest since the end of April.
- The Energy Information Administration’s weekly report on natural gas stocks in underground storage will be released at 10:30 a.m. ET.
- The Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.
- Federal Reserve Bank of Cleveland President Loretta Mester is set to speak at 1:00 p.m. ET.
- Federal Reserve Bank of San Francisco President Mary Daly will speak at 4:45 p.m. ET.
Check out this: Why Fear Level Among US Investors Is Increasing
COVID-19 Update
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 98,104,110 cases with around 1,083,790 deaths. India confirmed a total of at least 44,583,360 cases and 528,610 deaths, while France reported over 35,291,580 COVID-19 cases with 155,040 deaths. In total, there were at least 621,980,030 cases of COVID-19 worldwide with more than 6,545,810 deaths.
