US Stocks Open Lower; Dow Drops Over 200 Points

U.S. stocks traded lower this morning, with the Dow Jones dropping more than 200 points on Thursday.

Following the market opening Thursday, the Dow traded down 0.82% to 30,026.56 while the NASDAQ fell 0.72% to 11,068.08. The S&P 500 also fell, dropping, 0.78% to 3,753.79.

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Leading and Lagging Sectors


In trading on Thursday, utilities shares fell by 2.3%.


Top Headline

 

US initial jobless claims rose by 29,000 to 219,000 in the week that ended October 1st, above market expectations of 203,000.

 

Equities Trading UP

 

 

 

Equities Trading DOWN

 


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Commodities

In commodity news, oil traded up 0.4% to $88.13, while gold traded down 0.1% at $1,720.20.


Silver traded down 0.5% to $20.45 on Thursday while copper fell 0.6% to $3.4790.


Euro zone


European shares were lower today. The eurozone’s STOXX 600 fell 0.7%, London’s FTSE 100 fell 1.2% while Spain’s IBEX 35 Index fell 1%. The German DAX dropped 0.4%, French CAC 40 fell 1% and Italy’s FTSE MIB Index fell 1.2%.

The S&P Global Eurozone construction PMI rose to 45.3 in September from 44.2 in the previous month, recording contraction for the fifth straight month. The S&P Global/CIPS UK construction PMI climbed to 52.3 in September from 49.2 in the prior month.

 

Economics

 

 


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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 98,411,240 cases with around 1,086,680 deaths. India confirmed a total of at least 44,604,460 cases and 528,740 deaths, while France reported over 35,639,690 COVID-19 cases with 155,310 deaths. In total, there were at least 625,040,080 cases of COVID-19 worldwide with more than 6,555,810 deaths.

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