PATH - Nasdaq Down Over 100 Points; US Crude Oil Inventories Decline | Benzinga
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 100 points on Thursday.
The Dow traded down 1.01% to 38,055.10 while the NASDAQ fell 0.64% to 16,812.30. The S&P 500 also fell, dropping, 0.48% to 5,241.69.
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Leading and Lagging Sectors
Real estate shares rose by 1.3% on Thursday.
In trading on Thursday, information technology shares dipped by 1.7%.
Top Headline
The EIA said stocks of crude oil in the U.S. fell by 4.16 million barrels in the week ending May 24 compared to market estimates of a 1.95 million barrels fall.
Equities Trading UP
- Foot Locker, Inc. (NYSE:FL) shares shot up 23% to $27.66 following a first-quarter earnings beat.
- Shares of American Superconductor Corporation (NASDAQ:AMSC) got a boost, surging 24% to $19.51 following strong quarterly earnings.
- OneMedNet Corporation. (NASDAQ:ONMD) shares were also up, gaining 27% to $2.4802 after the company announced that it has entered into a non-exclusive three-year Master Services Agreement with an undisclosed U.S.-based medical technology company.
Equities Trading DOWN
- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) shares ...