Dow Falls Over 100 Points; US Initial Jobless Claims Decline

U.S. stocks traded lower this morning, with the Dow Jones index falling over 100 points on Thursday.

Following the market opening Thursday, the Dow traded down 0.26% to 51,044.44 while the NASDAQ declined 0.48% to 27,406.95. The S&P 500 also fell, dropping, 0.33% to 7,776.25.

Leading and Lagging Sectors

Energy shares jumped by 2% on Thursday.

In trading on Thursday, information technology stocks fell by 0.7%.

Top Headline

U.S. initial jobless claims fell by 2,000 to 197,000 in the week ending Oct. 3, compared to market estimates of 200,000.

Equities Trading UP
           

• Fly-E Group Inc (NASDAQ:FLYE) shares shot up 129% to $2.91.
• Shares of Xiao-I Corp (NASDAQ:AIXI) got a boost, surging 67% to $2.21.
• Jianzhi Education Tclgy Grp Co Ltd – ADR (NASDAQ:JZ) shares were also up, gaining 49% to $0.70.

Equities Trading DOWN

• China SXT Pharmaceuticals Inc (NASDAQ:SXTC) shares dipped 87% to $0.38 after the company announced a $12 million registered direct offering.
• Shares of Sunshine Biopharma Inc (NASDAQ:SBFM) were down 37% to $0.44 after the company announced the pricing of its $6 million offering of 10,909,083 units at $0.55 per unit.
• Medicus Pharma Ltd (NASDAQ:MDCX) was down, falling 29% to $0.11 after the company announced a 50-for-1 stock split.

Commodities

In commodity news, oil traded up 4.8% to $92.48 while gold traded up 0.1% at $4,144.20.

Silver traded down 1.7% to $59.250 on Thursday, while copper fell 0.3% to $6.6310.

Euro zone

European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.5%, while Spain’s IBEX 35 Index dipped 0.4%, London’s FTSE 100 rise 0.1%, Germany’s DAX declined 0.8%, while France’s CAC 40 slipped 0.3%.

Asia Pacific Markets

Asian markets closed lower on Thursday, with Japan’s Nikkei 225 falling 1.42%, Hong Kong’s Hang Seng Index declining 1.43%, China’s SSE Composite Index dropping 0.79% and India’s BSE Sensex dropping 1.44%.

Economics

U.S. initial jobless claims fell by 2,000 to 197,000 in the week ending Oct. 3, compared to market estimates of 200,000.

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