US Stocks Tumble; Dow Drops Over 400 Points

U.S. stocks traded lower this morning, with the Dow Jones dropping more than 400 points on Friday.

The Dow traded down 1.30% to 31,825.91 while the NASDAQ fell 0.97% to 11,603.08. The S&P 500, also fell, dropping, 1.21% to 3,912.39.

Check This Out: Top 5 Tech Stocks Which You'll Regret Missing This Quarter


Leading and Lagging Sectors

  • Information technology shares fell by just 0.1% on Friday. Meanwhile, top gainers in the sector included WM Technology, Inc. MAPS, up 15%, and Netlist, Inc. NLST, up 9%.
  • In trading on Thursday, financials shares dipped by 2.9%.


Top Headline

The University of Michigan consumer sentiment fell to 63.4 in March from 67 in the previous month.


Equities Trading UP

  • HUB Cyber Security (Israel) Ltd. HUBC shares shot up 23% to $2.94 after jumping over 20% on Thursday.
  • Shares of Oportun Financial Corporation OPRT got a boost, shooting 18% to $3.35.
  • Traeger, Inc. COOK shares were also up, gaining 17% to $3.5115 after the company announced better-than-expected Q4 results.


Equities Trading DOWN

  • Lifecore Biomedical, Inc. LFCR shares tumbled 61% to $2.01 after the company reported worse-than-expected Q2 financial results.
  • Shares of Diebold Nixdorf, Incorporated DBD were down 48% to $1.1871. Wedbush reiterated Diebold Nixdorf with an Outperform and maintained a $5 price target.
  • CXApp Inc. CXAI was down, falling 25% to $3.00.

Also Check This Out: Check Out 3 High-Yielding Dividend Stocks In Real Estate Sector From Wall Street's Most Accurate Analysts



In commodity news, oil traded down 2.6% to $66.55 while gold traded up 2.2% at $1,965.00.

Silver traded up 2.9% to $22.32 on Thursday while copper rose 0.5% to $3.8835.


Euro zone

European shares were lower today. The eurozone’s STOXX 600 fell 1.4%, London’s FTSE 100 fell 1.3% while Spain’s IBEX 35 Index fell 1.9%. The German DAX dropped 1.6%, French CAC 40 fell 1.7% and Italy’s FTSE MIB Index fell 1.9%.


Asia Pacific Markets

Asian markets closed higher on Friday, with Japan’s Nikkei 225 gaining 1.2%, Hong Kong’s Hang Seng Index gaining 1.64% and China’s Shanghai Composite Index gaining 0.73%. India’s S&P BSE Sensex rose 0.6%.



  • The University of Michigan consumer sentiment fell to 63.4 in March from 67 in the previous month.
  • Industrial production came in unchanged for February, following a 0.3% increase in January.

Now Read This: Insiders Selling American Airlines, Costco Wholesale And 2 Other Stocks

Market News and Data brought to you by Benzinga APIs
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPenny StocksEurozoneCommoditiesSmall CapGlobalIntraday UpdateMarketsMid Morning Market Update
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!