U.S. Stocks Trade Lower; Weekly Jobless Claims Drop To 250,000
U.S. stocks traded lower this morning, with the Dow Jones dropping more than 90 points on Thursday. Following the market opening Thursday, the Dow traded down 0.28% to 33,884.72 while the NASDAQ fell 0.26% to 12,904.48. The SP also fell, dropping, 0.16% to 4,267.04. Also check this: Volatility In Markets Increases Following Release Of Fed Minutes Leading and Lagging Sectors Energy shares climbed 2% on Thursday. Meanwhile, top gainers in the sector included Newpark Resources, Inc. (NYSE: NR ), up 13% and Hallador Energy Company (NASDAQ: HNRG ) up 7%. In trading on Thursday, health care shares fell by 0.7%. Top Headline U.S. initial jobless claims dropped by 2,000 to 250,000 the week ended August 13th, compared to market expectations of 265,000. Equities Trading UP Wolfspeed, Inc. (NYSE: WOLF ) shares shot up 25% to $106.78 after the company reported better-than-expected Q4 EPS and sales results. Additionally, multiple firms raised their price target on the stock. Shares of WeTrade Group, Inc. (NASDAQ: WETG ) got a boost, shooting 21% to $8.65.
U.S. Stocks Trade Lower; Weekly Jobless Claims Drop To 250,000
U.S. stocks traded lower this morning, with the Dow Jones dropping more than 90 points on Thursday. Following the market opening Thursday, the Dow traded down 0.28% to 33,884.72 while the NASDAQ fell 0.26% to 12,904.48. The SP also fell, dropping, 0.16% to 4,267.04. Also check this: Volatility In Markets Increases Following Release Of Fed Minutes Leading and Lagging Sectors Energy shares climbed 2% on Thursday. Meanwhile, top gainers in the sector included Newpark Resources, Inc. (NYSE: NR ), up 13% and Hallador Energy Company (NASDAQ: HNRG ) up 7%. In trading on Thursday, health care shares fell by 0.7%. Top Headline U.S. initial jobless claims dropped by 2,000 to 250,000 the week ended August 13th, compared to market expectations of 265,000. Equities Trading UP Wolfspeed, Inc. (NYSE: WOLF ) shares shot up 25% to $106.78 after the company reported better-than-expected Q4 EPS and sales results. Additionally, multiple firms raised their price target on the stock. Shares of WeTrade Group, Inc. (NASDAQ: WETG ) got a boost, shooting 21% to $8.65.