U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 150 points on Thursday.
Following the market opening Thursday, the Dow traded down 0.08% to 48,216.64 while the NASDAQ fell 0.75% to 23,231.95. The S&P 500 also fell, dropping, 0.40% to 6,823.53.
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Leading and Lagging Sectors
Energy shares jumped by 0.6% on Thursday.
In trading on Thursday, communication services stocks fell by 1.2%.
Top Headline
Walt Disney Co. (NYSE:DIS) shares fell around 5% on Thursday after the company released its fiscal fourth-quarter 2025 results.
For the quarter, Disney reported adjusted EPS of $1.11, beating the consensus estimate of $1.04. However, revenue remained flat year-over-year (Y/Y) to $22.5 billion, slightly missing the $22.7 billion analyst forecast.
Equities Trading UP
- Mersana Therapeutics Inc (NASDAQ:MRSN) shares shot up 207% to $27.20 after the company announced it will be acquired by Day One Biopharmaceuticals.
- Shares of Nuvve Holding Corp (NASDAQ:NVVE) got a boost, surging 153% to $0.39 after the company announced that NUVVE Japan concluded an aggregation agreement targeting existing stationary storage batteries in Japan.
- Clearmind Medicine Inc (NASDAQ:CMND) shares were also up, gaining 73% to $0.54. Clearmind Medicine received final approval to expand its FDA regulated Phase 1/2a clinical trial for alcohol use disorder at Hadassah Medical Center.
Equities Trading DOWN
- Korro Bio Inc (NASDAQ:KRRO) shares dropped 79% to $6.74 after the company reported third-quarter financial results, agreed to wind-down its research and development activities after Novo Nordisk paused its agreement for 12 month. Also, multiple firms downgraded the stock.
- Shares of Applied Therapeutics Inc (NASDAQ:APLT) were down 40% to $0.55 following third-quarter results.
- EPWK Holdings Ltd (NASDAQ:EPWK) was down, falling 37% to $0.041 after the company announced a 40-for-1 share consolidation effective November 17.
Commodities
In commodity news, oil traded up 1% to $59.05 while gold traded up 0.4% at $4,230.20.
Silver traded down 0.3% to $53.275 on Thursday, while copper rose 0.8% to $5.1440.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 fell 0.2%, while Spain's IBEX 35 Index gained 0.1%. London's FTSE 100 fell 0.7%, Germany's DAX 40 declined 0.6% and France's CAC 40 climbed 0.4% during the session.
Asia Pacific Markets
Asian markets closed higher on Thursday, with Japan's Nikkei 225 gaining 0.43%, Hong Kong's Hang Seng surging 0.56%, China's Shanghai Composite rising 0.73% and India's BSE Sensex rising 0.01%.
Economics
Data on EIA's crude oil stocks will be released today.
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