Crude Oil Falls Over 4%; Keros Therapeutics Shares Jump

U.S. stocks traded lower midway through trading, with the Dow Jones index dipping more than 4% on Thursday.

The Dow traded down 4.18% to 38,910.71 while the NASDAQ dipped 5.64% to 16,159.08. The S&P 500 also fell, dropping, 4.90% to 5,189.26.

Check This Out: Top 3 Health Care Stocks That Could Lead To Your Biggest Gains In Q2

Leading and Lagging Sectors

Consumer staples shares surged by 0.9% on Thursday.

In trading on Thursday, energy shares fell by 5%.

Top Headline

U.S. initial jobless claims increased by 4,000 from the previous week to 223,000 during the first week of April.

Equities Trading UP
                       

• Keros Therapeutics, Inc. KROS shares shot up 16% to $11.95. The company announced that its board has initiated a formal review process to evaluate strategic alternatives to maximize shareholder value.
• Shares of Pasithea Therapeutics Corp. KTTAgot a boost, surging 46% to $1.5801 after a Safety Review Committee recommended escalating to the next dose level of 30mg capsule in its ongoing Phase 1 trial of PAS-004 for advanced cancer.
• ReShape Lifesciences Inc. RSLS shares were also up, gaining 60% to $0.5478. ReShape Lifesciences on Wednesday signed an agreement with Haifa, Israel-based Motion Informatics to exclusively import and distribute their neuromuscular rehabilitation devices in the U.S.

Equities Trading DOWN

• Marin Software Incorporated MRIN shares dropped 50% to $0.65 after the company announced plans for dissolution, which its board of directors has approved.
• Shares of Venus Concept Inc. VERO were down 51% to $4.37 after the company announced a $1.1 million registered direct offering of common stock priced at-the-market under Nasdaq rules.
• CarMax, Inc. KMX was down, falling 17% to $66.75 after the company reported fourth-quarter financial results and missed its EPS estimate.

Latest Startup Investment Opportunities:

Commodities

In commodity news, oil traded down 4.5% to $59.55 while gold traded up 2% at $3,140.80.

Silver traded up 0.5% to $30.580 on Thursday, while copper rose 3.3% to $4.3315.

Euro zone

European shares were higher today. The eurozone's STOXX 600 climbed 4.71%, Germany's DAX 40 climbed 5.29% and France's CAC 40 jumped 5%. Spain's IBEX 35 Index jumped 5.18%, while London's FTSE 100 rose 4%.

Asia Pacific Markets

Asian markets closed higher on Thursday, with Japan's Nikkei 225 jumping 9.13%, China's Shanghai Composite gaining 1.16% and Hong Kong's Gang Seng index rising 2.06%.

Economics

• The annual inflation rate in the US fell for a second straight month to 2.4% in March, recording the lowest level since September, compared to 2.8% in the previous month and versus market estimates of 2.6%.
• U.S. initial jobless claims increased by 4,000 from the previous week to 223,000 during the first week of April.

Now Read This:

• Morgan Stanley Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts

Photo via Shutterstock