SILO - Dow Dips 250 Points; US Weekly Jobless Claims Surge | Benzinga
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 200 points on Thursday.
The Dow traded down 0.61% to 40,947.68 while the NASDAQ fell 1.22% to 17,776.55. The S&P 500 also fell, dropping, 0.79% to 5,544.08.
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Leading and Lagging Sectors
Energy shares jumped by 0.7% on Thursday.
In trading on Thursday, information technology shares fell by 0.8%.
Top Headline
U.S. initial jobless claims increased by 10,000 to 243,000 in the week ending July 13, compared to market estimates of 230,000.
Equities Trading UP
- CommScope Holding Company, Inc. (NASDAQ:COMM) shares shot up 15% to $1.9693. Amphenol announced plans to acquire mobile networks businesses from CommScope.
- Shares of Silo Pharma, Inc. (NASDAQ:SILO) got a boost, surging 79% to $4.0391. Silo Pharma said it has entered into a Device and CMC Development Master Plan with Resyca BV, a medical technology provider.
- Chuy’s Holdings, Inc. (NASDAQ:CHUY) shares were also up, gaining 48% to $37.35 after Darden Restaurants announced ...