SGBX - Dow Dips Over 500 Points; US GDP Growth Misses Expectations | Benzinga
U.S. stocks traded lower this morning, with the Dow Jones index tumbling by more than 500 points on Thursday.
Following the market opening Thursday, the Dow traded down 1.42% to 37,915.92 while the NASDAQ fell 2.16% to 15,374.09. The S&P 500 also fell, dropping, 1.37% to 5,002.04.
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Leading and Lagging Sectors
Consumer staples shares climbed by 0.3% on Thursday.
In trading on Thursday, communication services shares fell by 6.3%.
Top Headline
The U.S. economy grew an annualized 1.6% in the first quarter, marking a notable slowdown from the 3.4% rate in the final quarter of 2023. However, analysts were expecting a 2.5% growth.
Equities Trading UP
- Safe & Green Holdings Corp. (NASDAQ:SGBX) shares shot up 70% to $0.2453. Safe & Green Holdings said it has entered into an agreement to produce 4 modular electrical distribution centers as part of a multi-unit order for a client serving the big box retailer market.
- Shares of Barfresh Food Group, Inc. (NASDAQ:BRFH) got a boost, surging ...