U.S. stocks traded lower midway through trading, with the S&P 500 falling more than 1% on Thursday.
The Dow traded down 1.17% to 40,865.63 while the NASDAQ dipped 1.64% to 17,359.52. The S&P 500 also fell, dropping, 1.18% to 5,533.34.
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Leading and Lagging Sectors
Materials shares gained by 0.9% on Thursday.
In trading on Thursday, consumer discretionary shares dipped by 1.4%.
Top Headline
Dollar General Corporation (NYSE:DG) reported better-than-expected fourth-quarter sales results.
The company reported fourth-quarter sales growth of 4.5% year-on-year to $10.304 billion, beating the analyst consensus estimate of $10.264 billion. EPS of $0.87 missed the consensus estimate of $1.51.
Equities Trading UP
- Lifeward Ltd. (NASDAQ:LFWD) shares shot up 78% to $2.63 as the company received 510(k) FDA clearance for the newest generation of its Personal Exoskeleton Device, The ReWalk 7.
- Shares of Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)got a boost, surging 24% to $4.63 after the company reported better-than-expected fourth-quarter sales results.
- MeiraGTx Holdings plc (NASDAQ:MGTX) shares were also up, gaining 23% to $7.87 after the company reported FY24 financial results.
Equities Trading DOWN
- Aditxt, Inc. (NASDAQ:ADTX) shares dropped 36% to $0.0363 after the company announced a 1-for-250 reverse stock split.
- Shares of Century Casinos, Inc. (NASDAQ:CNTY) were down 28% to $1.7588 after the company reported weak fourth-quarter financial results.
- UiPath Inc. (NYSE:PATH) was down, falling 16% to $10.00 after the company reported a fourth-quarter revenue miss and issued first-quarter revenue guidance below estimates.
Commodities
In commodity news, oil traded down 1% to $67.03 while gold traded up 0.4% at $2,959.80.
Silver traded down 0.2% to $33.680 on Thursday, while copper rose 0.1% to $4.8555.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 fell 0.11%, Germany's DAX 40 fell 0.93% and France's CAC 40 fell 0.65%. Spain's IBEX 35 Index rose 0.29%, while London's FTSE 100 rose 0.11%.
Asia Pacific Markets
Asian markets closed lower on Thursday, with Japan's Nikkei dipping 0.08%, China's Shanghai Composite Index falling 0.39% and Hong Kong's Hang Seng Index falling 0.58%, India's BSE Sensex falling 0.27%.
Economics
- U.S. producer prices came in unchanged in February from January compared to a revised 0.6% increase in the previous period and versus estimates of a 0.3% gain.
- U.S. initial jobless claims declined by 2,000 to 220,000 in the first week of March, compared to market estimates of 225,000.
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