Mid-Afternoon Market Update: Dow Falls 150 Points; NeuroMetrix Shares Spike Higher
U.S. stocks traded mixed toward the end of trading, with the Dow Jones dropping around 150 points on Thursday.
The Dow traded down 0.49% to 31,336.92 while the NASDAQ rose 0.29% to 11,451.48. The S&P also fell, dropping, 0.20% to 3,915.81.
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Leading and Lagging Sectors
Consumer discretionary shares rose by 1.1% on Thursday. Meanwhile, top gainers in the sector included Sweetgreen, Inc. NYSE:SG, up 13% and Lucid Group, Inc. NASDAQ:LCID up 12%.
In trading on Thursday, consumer staples shares dipped 1.9%.
Top Headline
US initial jobless claims rose by 21 thousand to 218 thousand in the week ended
Equities Trading UP
NeuroMetrix, Inc. NASDAQ:NURO shares shot up 62% to
Shares of Grab Holdings Limited NASDAQ:GRAB got a boost, shooting 23% to
Zealand Pharma A/S NASDAQ:ZEAL shares were also up, gaining 18% to
Equities Trading DOWN
Bright Green Corporation NASDAQ:BGXX shares tumbled 66% to
Shares of Cisco Systems, Inc. NASDAQ:CSCO were down 15% to
Triumph Group, Inc. NYSE:TGI was down, falling 20% to
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Commodities
In commodity news, oil traded up 2.2% to
Silver traded up 1.9% to
Euro zone
European shares closed lower today. The eurozone's STOXX 600 dropped 1.37%,
The Eurozone current account surplus shrank to
Economics
US initial jobless claims rose by 21 thousand to 218 thousand in the week ended
The Philadelphia Fed Manufacturing Index fell to 2.6 in May, the lowest in two years.
Existing home sales dropped by 2.4% to an annual rate of 5.61 million in April.
The index of leading economic indicators declined 0.3% for April.
Federal Reserve Bank of Minneapolis President Neel Kashkari is set to speak at
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COVID-19 Update
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 84,692,700 cases with around 1,028,010 deaths.