U.S. stocks traded lower midway through trading, with the Dow Jones falling more than 300 points on Thursday.

The Dow traded down 0.99% to 34,246.47 while the NASDAQ fell 0.31% to 11,432.19. The S&P 500 also fell, dropping, 0.44% to 4,062.26.

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Leading and Lagging Sectors

In trading on Thursday, financial shares fell by 1%.

Top Headline

US natural-gas supplies dropped 81 billion cubic feet last week, the EIA said.

Equities Trading UP

Equities Trading DOWN

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Commodities

In commodity news, oil traded up 1.8% to $81.96 while gold traded up 3.2% at $1,816.40.

Silver traded up 4.5% to $22.765 on Thursday while copper rose 1.4% to $3.7890.

Euro zone

European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.89%, London’s FTSE 100 slipped 0.19% while Spain’s IBEX 35 Index rose 0.53%. The German DAX gained 0.65%, French CAC 40 rose 0.23% and Italy’s FTSE MIB Index gained 0.31%.

The unemployment rate in the Eurozone dropped to a new record low of 6.5% in October from 6.6% in the previous month, while unemployment rate in Italy fell to 7.8% in October.

The S&P Global Eurozone manufacturing PMI fell to 47.1 in November from a preliminary level of 47.3, while German manufacturing PMI was revised lower to 46.2. The S&P Global/CIPS UK manufacturing PMI rose higher to 46.5 in November versus a preliminary reading of 46.2. The S&P Global France’s manufacturing PMI climbed to 48.3 in November versus 47.2 a month ago. The Nationwide House Price Index in the UK climbed 4.4% year-over-year in November.

Asia Pacific Markets

Asian markets closed higher on Thursday, with the Japan’s Nikkei gaining 0.92% and Hong Kong’s Hang Seng Index jumping 0.75%. China’s Shanghai Composite Index gained 0.45%.

The S&P Global Indian manufacturing PMI rose to a three-month high level of 55.7 in November versus 55.3 in the prior month. Japan’s consumer confidence index fell to 28.6 in November, while manufacturing PMI declined to 49 in November from 50.7 in October. The Caixin China General Manufacturing PMI unexpectedly rose to 49.4 in November.

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 100,625,490 cases with around 1,105,540 deaths. India confirmed a total of at least 44,673,380 cases and 530,620 deaths, while France reported over 37,846,790 COVID-19 cases with 158,950 deaths. In total, there were at least 648,132,530 cases of COVID-19 worldwide with more than 6,640,710 deaths.