Nasdaq Tumbles Over 350 Points; US Initial Jobless Claims Increase

U.S. stocks traded mostly lower this morning, with the Nasdaq Composite dipping more than 350 points on Thursday.

The Dow traded down 0.10% to 49,432.55 while the NASDAQ dipped 1.57% to 22,788.62. The S&P 500 also fell, dropping, 0.88% to 6,884.75.

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Leading and Lagging Sectors

Financial shares gained by 1.2% on Thursday.

In trading on Thursday, information technology stocks fell by 2.2%.

Top Headline

U.S. initial jobless claims rose by 4,000 from the previous week to 212,000 during the third week of February, compared to market estimates of 215,000.

Equities Trading UP
           

• Avalon Globocare Corp (NASDAQ:ALBT) shares shot up 123% to $1.14 after the company announced that it has been accepted into the Advanced Micro Devices AI Developer Program.
• Shares of Antelope Enterprise Holdings Ltd (NASDAQ:AEHL) got a boost, surging 79% to …

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