U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 200 points on Thursday.

Following the market opening Thursday, the Dow traded down 0.56% to 49,225.33 while the NASDAQ dipped 0.89% to 22,700.74. The S&P 500 also fell, dropping, 0.74% to 6,831.80.

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Leading and Lagging Sectors

Consumer staples shares gained by 0.3% on Thursday.

In trading on Thursday, consumer discretionary stocks fell by 2.2%.

Top Headline

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) reported better-than-expected fourth-quarter financial results Wednesday after market close.

Alphabet reported fourth-quarter revenue of $113.83 billion. The revenue total beat a Street consensus estimate of $111.31 billion according to data from Benzinga Pro. The company reported fourth-quarter earnings per share of $2.82, beating a Street consensus estimate of $2.63

Equities Trading UP
           

• C3is Inc (NASDAQ:CISS) shares shot up 39% to $2.12 following a Securities and Exchange Commission filing disclosing that Imperial Petroleum Inc. (NASDAQ:IMPP) owns 81.9% of the company.
• Shares of Jet.AI Inc (NASDAQ:JTAI) got a boost, surging 35% to $0.21.
• AIM ImmunoTech Inc (NYSE:AIM) shares were also up, gaining 30% to $1.37 after the company reported data from ongoing Phase 2 clinical study evaluating ampligen combined with AstraZeneca’s anti-PD-L1 immune checkpoint inhibitor imfinzi for metastatic pancreatic cancer treatment.

Equities Trading DOWN

• Adial Pharmaceuticals Inc (NASDAQ:ADIL) shares dropped 15% to $0.13.
• Shares of Cerence Inc (NASDAQ:CRNC) were down 39% to $6.63 after the company reported mixed quarterly financial results and issued FY25 adjusted EPS guidance below estimates.
• Ralliant Corp (NYSE:RAL) was down, falling 32% to $38.39 after the company reported fourth-quarter financial results and issued first-quarter adjusted EPS guidance with its midpoint below estimates. Also, the company issued FY26 adjusted EPS guidance below estimates.

Commodities

In commodity news, oil traded down 2.4% to $63.58 while gold traded down 1.5% at $4,877.70.

Silver traded down 10% to $75.950 on Thursday, while copper fell 0.5% to $5.8225.

Euro zone

European shares were lower today. The eurozone's STOXX 600 fell 0.8%, while Spain's IBEX 35 Index fell 1.4%. London's FTSE 100 fell 0.3%, Germany's DAX slipped 0.6% and France's CAC 40 fell 0.3% during the session.

Asia Pacific Markets

Asian markets closed mostly lower on Thursday, with Japan's Nikkei falling 0.88%, Hong Kong's Hang Seng Index gaining 0.14%, China's Shanghai Composite declining 0.64% and India's BSE Sensex falling 0.60%.

Economics

• U.S. job openings declined by 386,000 to 6.542 million in December, compared to market estimates of 7.2 million.
• U.S. initial jobless claims increased by 22,000 from the previous week to 231,000 during the last week of January, compared to market estimates of 212,000.

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