Dow Tumbles Over 1,100 Points; US Initial Jobless Claims Fall

U.S. stocks traded lower this morning, with the Dow Jones index dipping more than 1,100 points on Thursday.

Following the market opening Thursday, the Dow traded down 2.64% to 41,110.44 while the NASDAQ fell 4.15% to 16,870.74. The S&P 500 also fell, dropping, 3.14% to 5,492.92.

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Leading and Lagging Sectors

Consumer staples shares rose by 0.8% on Thursday.

In trading on Thursday, information technology shares tumbled by 5.1%.

Top Headline

U.S. initial jobless claims fell by 6,000 to 219,000 in the week ending March 29, compared to market estimates of 225,000.

Equities Trading UP
                       

• Protagenic Therapeutics, Inc. (PTIX) shares shot up 125% to $0.5068.
• Shares of NewGenIvf Group Limited (NIVF) got a boost, surging 112% to $1.25 after the company announced it secured $5.2 million in funding to drive international expansion.
• Tivic Health Systems, Inc. (TIVC) shares were also up, gaining 52% to $4.9299.

Equities Trading DOWN

• Aldeyra Therapeutics, Inc. (ALDX) shares dropped 76% to $1.30 after the company received a response letter from the FDA for the Reproxalap new drug application for the treatment of signs and symptoms of dry eye disease.
• Shares of RxSight, Inc. (RXST) were down 42% to $15.15 after the company issued FY25 revenue guidance below estimates.
• American Rebel Holdings, Inc. (AREB) was down, falling 38% to $3.93.

Commodities

In commodity news, oil traded down 7.3% to $66.45 while gold traded down 2.8% at $3,077.00.

Silver traded down 7.8% to $31.95 on Thursday, while copper fell 3.3% to $4.8735.

Euro zone

European shares were lower today. The eurozone's STOXX 600 fell 2.3%, Germany's DAX 40 dipped 2.3% and France's CAC 40 fell 3%. Spain's IBEX 35 Index fell 1.5%, while London's FTSE 100 fell 1.5%.

Asia Pacific Markets

Asian markets closed lower on Thursday, with Japan's Nikkei 225 dipping 2.77%, China's Shanghai Composite Index falling 0.24%, Hong Kong's Hang Seng Index falling 1.52% and India's BSE Sensex falling 0.42%.

Economics

• U.S. initial jobless claims fell by 6,000 to 219,000 in the week ending March 29, compared to market estimates of 225,000.
• The U.S. trade deficit shrank to $122.7 billion in February compared to $130.7 billion in the previous month and versus market estimates of a $123.5 billion gap.

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