U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 1% on Thursday.

Following the market opening Thursday, the Dow traded down 0.50% to 45,889.75 while the NASDAQ fell 1.38% to 22,187.39. The S&P 500 also fell, dropping, 0.94% to 6,575.35.

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Leading and Lagging Sectors

Consumer staples shares jumped by 0.5% on Thursday.

In trading on Thursday, communication services stocks fell by 1.5%.

Top Headline

Initial jobless claims declined by 14,000 from the previous week to 218,000 in the third week of September, compared to market estimates of 235,000.

Equities Trading UP
           

  • PepGen Inc. (NASDAQ: PEPG) shares shot up 107% to $5.51. The company announced the pricing of its $100 million public offering of 31,250,000 shares at $3.20 per share.
  • Shares of SciSparc Ltd. (NASDAQ: SPRC) got a boost, surging 79% to $6.86 after the company …

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