U.S. stocks traded mixed this morning, with the Dow Jones index falling more than 300 points on Thursday.
Following the market opening Thursday, the Dow traded down 0.68% to 44,702.76 while the NASDAQ rose 0.23% to 21,067.57. The S&P 500 also rose, gaining, 0.08% to 6,363.79.
Check This Out: Top 2 Tech Stocks You May Want To Dump This Quarter
Leading and Lagging Sectors
Communication services shares jumped by 0.9% on Thursday.
In trading on Thursday, consumer discretionary stocks dipped by 1.3%.
Top Headline
Tesla Inc. (NASDAQ:TSLA) reported weaker-than-expected second-quarter financial results after market close Wednesday.
Tesla reported second-quarter revenue of $22.5 billion, down 12% year-over-year. The revenue missed a Street consensus estimate of $22.8 billion according to data from Benzinga Pro. Tesla's earnings per share were $0.40 in the quarter, missing the Street consensus estimate of $0.42 per share.
Equities Trading UP
- AEye, Inc. (NASDAQ:LIDR) shares shot up 245% to $3.95 after the company announced its Apollo lidar has been integrated by NVIDIA into the DRIVE AGX platform.
- Shares of Garden Stage Limited (NASDAQ:GSIW) got a boost, surging 81% to $0.3187.
- reAlpha Tech Corp. (NASDAQ:AIRE) shares were also up, gaining 41% to $0.5017 after the company announced that it has repaid in full the outstanding balance on its secured promissory note with Streeterville Capital.
Equities Trading DOWN
- DEFSEC Technologies Inc. (NASDAQ:DFSC) shares dropped 37% to $4.8970.
- Shares of Sadot Group Inc. (NASDAQ:SDOT) were down 31% to $1.07 as the company announced the pricing of public offering.
- Community Health Systems, Inc. (NYSE:CYH) was down, falling 27% to $2.7850 following second-quarter results.
Commodities
In commodity news, oil traded up 0.8% to $65.76 while gold traded down 0.9% at $3,367.60.
Silver traded down 0.8% to $39.185 on Thursday, while copper fell 0.1% to $5.8160.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 gained 0.1%, while Spain's IBEX 35 Index rose 1.4%. London's FTSE 100 gained 0.8%, Germany's DAX 40 rose 0.1% and France's CAC 40 fell 0.6% during the session.
Asia Pacific Markets
Asian markets closed mostly higher on Thursday, with Japan's Nikkei 225 surging 1.59%, Hong Kong's Hang Seng gaining 0.51%, China's Shanghai Composite gaining 0.65% and India's BSE Sensex falling 0.66%.
Economics
- The S&P Global manufacturing PMI declined to 49.5 in July, down from market estimates of 52.6.
- U.S. initial jobless claims declined by 4,000 from the previous week to 217,000 in the third week of July, compared to market estimates of 227,000.
- U.S. building permits fell by 0.1% to an annualized rate of 1.393 million in June.
Now Read This:
Photo via Shutterstock
