U.S. stocks traded mixed midway through trading, with the Nasdaq Composite falling more than 200 points on Thursday.

The Dow traded up 0.72% to 52,681.94 while the NASDAQ fell 0.90% to 25,805.23. The S&P 500 also fell, dropping, 0.22% to 7,466.99.

Leading and Lagging Sectors

Health care shares jumped by 2.2% on Thursday.

In trading on Thursday, communication services stocks fell by 1.9%.

Top Headline

U.S. initial jobless claims declined by 1,000 from the previous week in the final week of June, recording the lowest level in five weeks, and compared to market estimates of 220,000.

Equities Trading UP
           

  • CaliberCos Inc (NASDAQ:CWD) shares shot up 108% to $1.34 after the company announced the next phase of its real estate fund tokenization strategy using the Chainlink platform.
  • Shares of Rivian Automotive Inc (NASDAQ:RIVN) got a boost, surging 13% to $19.49 after the company released second-quarter production and delivery figures and raised full year delivery forecast.
  • StablecoinX Inc. (NASDAQ:USDE) shares were also up, gaining 72% to $3.5850. The company launched its flagship infrastructure software platform, StablecoinX Harness.

Equities Trading DOWN

  • Linkhome Holdings Inc (NASDAQ:LHAI) shares dropped 31% to $1.89. Linkhome Holdings shares jumped 315% on Wednesday after the company announced it has completed the acquisition of 100% of the equity interests of Mortgage One Group.
  • Shares of Arteris Inc (NASDAQ:AIP) were down 17% to $36.37.
  • Eason Technology Limited (NYSE:DXF) was down, falling 29% to $0.63 after jumping over 140% on Wednesday. The company issued a statement saying it is not aware of any material non-public information behind recent unusual trading activities.

Commodities

In commodity news, oil traded down 1.3% to $67.66 while gold traded up 1.4% at $4,140.10.

Silver traded up 1.7% to $61.560 on Thursday, while copper rose 0.3% to $6.1970.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 rose 1.4%, while Spain’s IBEX 35 Index gained 1.4%. London’s FTSE 100 rose 1.7%, Germany’s DAX gained 2.2%, while France’s CAC 40 climbed 1.7%.

Asia Pacific Markets

Asian markets closed mixed on Thursday, with Japan’s Nikkei 225 falling 2.47%, Hong Kong’s Hang Seng index gaining 0.76%, China’s Shanghai Composite dipping 2.03% and India’s BSE Sensex gaining 0.75%.

Economics

  • The U.S. labor market cooled in June with employers adding 57,000 jobs, falling short of the 110,000 economists had expected and sharply decelerating from May’s reading of 129,000.
  • The unemployment rate edged down to 4.2%, below the 4.3% consensus.
  • Average hourly earnings rose 0.3% on the month, matching the 0.3% expected, and were up 3.5% from a year earlier. Economists had looked for annual wage growth to quicken from 3.4% to 3.5%.
  • U.S. initial jobless claims declined by 1,000 from the previous week in the final week of June, recording the lowest level in five weeks, and compared to market estimates of 220,000.
  • U.S. factory orders declined 1.3% month-over-month in May, compared to a revised 5.3% gain in April and versus market estimates of a 1.8% drop.

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