U.S. stocks pared some losses, with the Dow Jones turning higher toward the end of trading on Thursday.

The Dow traded up 0.09% to 30,211.16 while the NASDAQ fell 1% to 11,107.18. The S&P 500 also fell, dropping, 0.40% to 3,774.70.

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Leading and Lagging Sectors

In trading on Thursday, consumer discretionary shares fell by 2.2%.

Top Headline

The US current account deficit shrank to $251.1 billion in the second quarter, following a record gap of $282.5 billion in the first quarter.

Equities Trading UP

Equities Trading DOWN

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Commodities

In commodity news, oil traded up 0.7% to $83.49, while gold traded up 0.1% at $1,677.80.

Silver traded up 0.5% to $19.585 on Thursday while copper fell 0.2% to $3.46.

Euro zone

European shares closed lower today. The eurozone’s STOXX 600 fell 1.79%, London’s FTSE 100 fell 1.08% while Spain’s IBEX 35 Index fell 1.24%. The German DAX dropped 1.84%, French CAC 40 fell 1.87% and Italy’s FTSE MIB Index fell 1.07%.

The manufacturing climate indicator in France declined for a third month to a reading of 102 in September from a revised 103 in August. The consumer confidence indicator in the Eurozone declined by 3.8 points to -28.8 in September. The Bank of England increased its key interest rate by 50bps to 2.25% during its September meeting.

Economics

• US initial jobless claims increased by 5,000 to 213,000 in the week ended September 17th, compared to market estimates of 218,000.
• The US current account deficit shrank to $251.1 billion in the second quarter, following a record gap of $282.5 billion in the first quarter.
• US natural-gas supplies climbed 103 billion cubic feet last week, the Energy Information Administration said.

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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 97,721,710 cases with around 1,080,350 deaths. India confirmed a total of at least 44,553,040 cases and 528,420 deaths, while France reported over 35,011,660 COVID-19 cases with 154,820 deaths. In total, there were at least 618,773,810 cases of COVID-19 worldwide with more than 6,535,010 deaths.