U.S. stocks traded mostly lower this morning, with the Nasdaq Composite falling more than 50 points on Thursday.
Following the market opening Thursday, the Dow traded down 0.01% to 44,142.13 while the NASDAQ fell 0.27% to 19,979.88. The S&P 500 also fell, dropping, 0.14% to 6,075.73.
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Leading and Lagging Sectors
Real estate shares jumped by 0.7% on Thursday.
In trading on Thursday, energy shares fell by 0.7%.
Top Headline
U.S. initial jobless claims increased by 17,000 from the previous week to a reading of 242,000 during the first week of December, compared to market estimates of 220,000.
Equities Trading UP
- Palisade Bio, Inc. (NASDAQ:PALI) shares shot up 73% to $2.42.
- Shares of Trevi Therapeutics, Inc. (NASDAQ:TRVI) got a boost, surging 62% to $4.0435 after the company announced positive outcomes for the treatment of patients from its chronic cough Phase 2b CORAL trial.
- Canoo Inc. (NASDAQ:GOEV) shares were also up, gaining 52% to $0.1980.
Equities Trading DOWN
- Sacks Parente Golf, Inc. (NASDAQ:SPGC) shares dropped 80% to $0.28 after the company priced an upsized $8.4 million underwritten public offering of 7 million common units at $1.20 per unit.
- Shares of Keros Therapeutics, Inc (NASDAQ:KROS) were down 76% to $16.57 after the company announced it halted treatment in the 3.0 mg/kg and 4.5 mg/kg arms of its ongoing TROPOS trial due to safety concerns..
- TFF Pharmaceuticals, Inc. (NASDAQ:TFFP) was down, falling 55% to $0.0740.
Commodities
In commodity news, oil traded down 1.3% to $69.35 while gold traded down 1.7% at $2,709.80.
Silver traded down 3.7% to $31.710 on Thursday, while copper fell 0.8% to $4.2245.
Euro zone
European shares were mixed today. The eurozone’s STOXX 600 fell 0.1%, Germany’s DAX rose 0.2% and France’s CAC 40 gained 0.2%. Spain’s IBEX 35 Index slipped 0.1%, while London’s FTSE 100 rose 0.2%.
Asia Pacific Markets
Asian markets closed mostly higher on Thursday, with Japan’s Nikkei 225 gaining 1.21%, Hong Kong’s Hang Seng Index gaining 1.20%, China’s Shanghai Composite Index gaining 0.85% and India’s BSE Sensex falling 0.29%.
Economics
- U.S. initial jobless claims increased by 17,000 from the previous week to a reading of 242,000 during the first week of December, compared to market estimates of 220,000.
- Core producer prices increased by 0.2% month-over-month in November compared to a 0.3% increase in the previous month and in-line with market expectations.
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