U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 350 points on Thursday.
The Dow traded down 1.21% to 49,515.62 while the NASDAQ fell 1.55% to 22,709.08. The S&P 500 also fell, dropping, 1.18% to 6,859.69.
Check This Out: How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q4 Earnings
Leading and Lagging Sectors
Utilities shares gained by 2.4% on Thursday.
In trading on Thursday, information technology stocks fell by 1.5%.
Top Headline
American Electric Power Company, Inc. (NASDAQ:AEP) shares gained around 5% on Thursday after the Ohio-based utility reported upbeat fourth-quarter results.
Adjusted earnings came in at $1.19 per share, down from $1.24 a year ago but exceeding the Street estimate of $1.15. Revenue stood at $5.314 billion, ahead of the $4.887 billion analyst consensus.
Equities Trading UP
- Cognex Corp (NASDAQ:CGNX) shares shot up 33% to $57.44 after the company …