Following the market opening Thursday, the Dow traded down 0.76% to 24447.56 while the NASDAQ rose 0.06% to 8919.90. The S&P also fell, dropping 0.60% to 2,922.01.

Leading and Lagging Sectors

Consumer discretionary shares climbed 0.4% on Thursday. Meanwhile, top gainers in the sector included OneSpaWorld Holdings Limited (NASDAQ:OSW), up 22%, and 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS), up 12%.

In trading on Thursday, real estate shares fell 2%.

Top Headline

Twitter Inc (NYSE:TWTR) reported stronger-than-expected results for its first quarter.

Twitter reported quarterly earnings of $0.11 per share, beating analysts’ estimates of $0.10 per share. The company’s sales came in at $807.64 million, exceeding the consensus view of $775.96 million.

Twitter’s average monetizable daily active users climbed to 166 million during the first quarter, up from 134 million in the year-ago period.

Equities Trading UP

AgEagle Aerial Systems, Inc. (NASDAQ:UAVS) shares shot up 103% to $4.66 after jumping 160% on Wednesday.

Shares of Matador Resources Company (NYSE:MTDR) got a boost, shooting 32% to $8.88 after the company reported upbeat quarterly earnings.

LMP Automotive Holdings, Inc. (NASDAQ:LMPX) shares were also up, gaining 29% to $6.04.

Shares of Verona Pharma plc (NASDAQ:VRNA) were down 25% to $4.43 after the company reported financial results for the three months ended March 31, 2020, and issued a corporate update.

Zovio Inc (NASDAQ:ZVO) was down, falling 21% to $1.6217 after the company reported Q1 results.

Commodities


In commodity news, oil traded up 16% to $17.47, while gold traded up 1% to $1,729.70.

Silver traded up 2.7% Thursday to $15.73, while copper rose 0.1% to $2.3735.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 slipped 0.2%, the Spanish Ibex Index fell 0.2%, while Italy’s FTSE MIB Index declined 0.6%. Meanwhile, the German DAX dropped 0.2%, and the French CAC 40 slipped 0.1% while UK shares fell 1%.

Economics

U.S. jobless claims climbed 3.8 million for the latest week, versus 4.442 million in the earlier week. However, analysts were expecting a reading of 3.5 million.

The employment cost index rose 0.8% for the first quarter.

U.S. consumer spending dropped 7.5% for March, versus analysts’ expectations for a 5% decline. Personal income declined 2.0% in March.

The Chicago PMI fell by 12.4 points to a reading of 35.4 in April.

The Energy Information Administration’s weekly report on natural gas stocks in underground storage is scheduled for release at 10:30 a.m. ET.

The Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.

Data on farm prices for March will be released at 3:00 p.m. ET.

Data on money supply for the recent week will be released at 4:30 p.m. ET.