U.S. stocks traded lower this morning, with the Dow Jones index falling more than 100 points on Thursday.

Following the market opening Thursday, the Dow traded down 0.24% to 51,385.69 while the NASDAQ dipped 0.63% to 26,766.06. The S&P 500 also fell, dropping, 0.38% to 7,676.54.

Leading and Lagging Sectors

Communication services shares jumped by 0.8% on Thursday.

In trading on Thursday, information technology stocks fell by 1%.

Top Headline

U.S. initial jobless claims fell by 1,000 to 197,000 in the second week of September, compared to market estimates of 201,000.

Equities Trading UP
           

  • Apimeds Pharmaceuticals US Inc (NYSE:APUS) shares shot up 245% to $7.91 after the company announced its subsidiary, MindWave, signed a 12-month technology services agreement with AQUAE Holdings to deploy its MindChain infrastructure as the foundation of AQUAEChain.
  • Shares of Surrozen Inc (NASDAQ:SRZN) got a boost, surging 109% to $33.84. Surrozen recently announced submission of IND application for SZN-8141 for the treatment of diabetic macular edema.
  • Profusa Inc (NASDAQ:PFSA) shares were also up, gaining 85% to $3.79 after the company announced it received a positive decision from GMED regarding certification of its quality management system to ISO 13485.

Equities Trading DOWN

  • Beneficient (NASDAQ:BENF) shares dropped 33% to $1.93. Beneficient shares jumped 439% on Wednesday after the company announced a strategy to eliminate HCLP debt and Heppner Equity Interests.
  • Shares of Artelo Biosciences Inc (NASDAQ:ARTL) were down 30% to $5.10. Artelo Biosciences shares jumped 76% on Wednesday after the company announced the filing of a provisional patent application for ART27.13 as a monotherapy and in combination with GLP-1 receptor agonists.
  • VisionSys AI Inc. (NASDAQ:VSA) was down, falling 31% to $2.5210 after jumping 38% on Wednesday.

Commodities

In commodity news, oil traded up 1.6% to $93.59 while gold traded down 0.1% at $4,313.60.

Silver traded down 1.4% to $64.030 on Thursday, while copper rose 0.1% to $6.7560.

Euro zone

European shares were mixed today. The eurozone’s STOXX 600 slipped 0.2%, while Spain’s IBEX 35 Index rose 0.3%, London’s FTSE 100 rose 0.1%, Germany’s DAX fell 0.2%, while France’s CAC 40 declined 0.3%.

Asia Pacific Markets

Asian markets closed mostly lower on Thursday, with Japan’s Nikkei 225 gaining 0.76%, Hong Kong’s Hang Seng index dipping 0.29%, China’s Shanghai Composite falling 1.22% and India’s BSE Sensex dropping 1.67%.

Economics

  • The U.S. current account deficit increased to $246 billion in the second quarter, from a revised $212.6 billion gap in the previous quarter, versus market estimates of a $255 billion gap.
  • U.S. initial jobless claims fell by 1,000 to 197,000 in the second week of September, compared to market estimates of 201,000.
  • U.S. building permits fell 2.1% month-over-month to 1.403 million units in August, versus initial estimates of a 2.7% decline.

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