U.S. stocks traded mostly lower this morning, with the Dow Jones index falling more than 100 points on Thursday.
Following the market opening Thursday, the Dow traded down 0.32% to 44,775.87 while the NASDAQ fell 0.09% to 21,693.26. The S&P 500 also fell, dropping, 0.17% to 6,455.42.
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Leading and Lagging Sectors
Communication services shares jumped by 0.2% on Thursday.
In trading on Thursday, materials stocks fell by 1.4%.
Top Headline
Shares of Deere & Company (NYSE:DE) fell 6% on Thursday after the company reported third-quarter financial results and lowered FY25 net income outlook.
Deere reported quarterly earnings of $4.75 per share which beat the analyst consensus estimate of $4.67 per share. The company reported quarterly sales of $12.018 billion which beat the analyst consensus estimate of $10.311 billion.
Equities Trading UP
- Expion360 Inc (NASDAQ:XPON) shares shot up 203% to $3.97 after the company reported better-than-expected quarterly financial results.
- Shares of Sonoma Pharmaceuticals Inc (NASDAQ:SNOA) got a boost, surging 74% to $5.25 after the company launched a HOCI-based diaper rash product in 3,600 Walmart stores and online.
- Aeries Technology Inc (NASDAQ:AERT) shares were also up, gaining 53% to $1.07 after the company reported a year-over-year increase in first-quarter EPS results.
Equities Trading DOWN
- Scienture Holdings Inc (NASDAQ:SCNX) shares dropped 46% to $1.20 after the company announced the pricing of a $3.9 million registered direct offering of 3.225 million shares at $1.30 per share.
- Shares of Bolt Projects Holdings Inc (NASDAQ:BSLK) were down 39% to $8.77, a day after surging over 550%.
- Chanson International Holding (NASDAQ:CHSN) was down, falling 31% to $0.053 after the company announced an 80-for-1 reverse stock split.
Commodities
In commodity news, oil traded up 1.1% to $63.33 while gold traded down 0.4% at $3,395.00.
Silver traded down 1.2% to $38.160 on Thursday, while copper fell 0.6% to $4.4685.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 rose 0.2%, while Spain's IBEX 35 Index rose 0.9%. London's FTSE 100 fell 0.1%, Germany's DAX 40 gained 0.5% and France's CAC 40 rose 0.5% during the session.
Asia Pacific Markets
Asian markets closed mixed on Thursday, with Japan's Nikkei 225 dipping 1.45%, Hong Kong's Hang Seng falling 0.37%, China's Shanghai Composite declining 0.46% and India's BSE Sensex gaining 0.07%.
Economics
- U.S. initial jobless claims fell by 3,000 from the previous week to 224,000 in the first week of July compared to market estimates of 228,000.
- U.S. producer prices increased 0.9% month-over-month in July, following a flat reading in the previous month.
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