U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling more than 1% on Thursday.
The Dow traded down 0.61% to 32,711.32 while the NASDAQ fell 1.19% to 11,941.89. The S&P also fell, dropping, 0.89% to 4,079.21.
Also check this: Lions Gate Entertainment And 2 Other Stocks Insiders Are Buying
Leading and Lagging Sectors
Consumer discretionary shares rose by 0.4% on Thursday. Meanwhile, top gainers in the sector included JOANN Inc. (NASDAQ:JOAN), up 10% and Garrett Motion Inc. (NASDAQ:GTX) up 9%.
In trading on Thursday, materials shares fell 1%.
Top Headline
US initial jobless claims rose by 27,000 to 229,000 in the week ended June 4th, the highest level since mid-January. Analysts, however, were expecting a reading of 210,000 for the latest week.
Equities Trading UP
Applied UV, Inc. (NASDAQ:AUVI) shares shot up 57% to $2.78 after the company announced its distributor, M/S Novatek Pakistan, was awarded as the sole source provider of Airocide air purification systems for government hospitals.
Shares of Bluejay Diagnostics, Inc. (NASDAQ:BJDX) got a boost, shooting 23% to $1.59 after the company announced that the FDA has agreed to consider its plan to pursue a De Novo submission for the Symphony IL-6 Test.
Sonnet BioTherapeutics Holdings, Inc. (NASDAQ:SONN) shares were also up, gaining 19% to $0.2855 after the company announced results from a preclinical combination study of SON-1010 with anti-PD1 checkpoint inhibition.
Equities Trading DOWN
PagSeguro Digital Ltd. (NYSE:PAGS) shares tumbled 19% to $13.90 after reporting Q1 results. Wells Fargo maintained PagSeguro Digital with an Equal-Weight and lowered the price target from $23 to $21.
Shares of Forge Global Holdings, Inc. (NYSE:FRGE) were down 30% to $10.03. Forge announced redemption of public warrants.
Skillsoft Corp. (NYSE:SKIL) was down, falling 17% to $5.25 after the company reported worse-than-expected Q1 sales results
Also check out: Insiders Buy More Than $3M Of 3 Penny Stocks
Commodities
In commodity news, oil traded down 0.3% to $121.74, while gold traded down 0.2% to $1,852.50.
Silver traded down 1.3% to $21.815 on Thursday while copper fell 1.5% to $4.3885.
Euro zone
European shares closed lower today. The eurozone’s STOXX 600 fell 1.36%, London’s FTSE 100 slipped 1.54% while Spain’s IBEX 35 Index fell 1.49%. The German DAX dropped 1.71%, French CAC 40 fell 1.4% and Italy’s FTSE MIB Index declined 1.90%.
Payroll employment in the France’s private sector increased by 0.3% to 20.60 million in the first quarter.
Economics
US initial jobless claims rose by 27,000 to 229,000 in the week ended June 4th, the highest level since mid-January. Analysts, however, were expecting a reading of 210,000 for the latest week.
Check out this: Insiders Buy Around $20M Of 2 Penny Stocks
COVID-19 Update
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 86,988,670 cases with around 1,035,030 deaths. India confirmed a total of at least 43,197,520 cases and 524,720 deaths, while Brazil reported over 31,315,770 COVID-19 cases with 667,700 deaths. In total, there were at least 538,224,900 cases of COVID-19 worldwide with more than 6,326,880 deaths.
