U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 150 points on Thursday.
The Dow traded down 0.81% to 45,851.68 while the NASDAQ fell 0.72% to 21,993.76. The S&P 500 also fell, dropping, 0.58% to 6,586.09.
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Leading and Lagging Sectors
Energy shares climbed by 1.1% on Thursday.
In trading on Thursday, materials stocks fell by 2.1%.
Top Headline
Accenture plc (NYSE:ACN) posted upbeat earnings for its fiscal second-quarter and issued a cautious outlook.
Accenture issued a softer-than-expected full-year earnings forecast and a cautious revenue outlook for the third quarter.
The company reported quarterly earnings of $2.93 per share, topping the analyst consensus estimate of $2.84. The company reported sales of $18.04 billion, slightly exceeding the analyst consensus estimate of $17.84 billion.
Equities Trading UP
- Serina Therapeutics Inc (NYSE:SER) shares shot up 65% to $2.11. The company announced it entered into a $30 million private placement.
- Shares of Envela Corp (NYSE:ELA) got a boost, surging 38% to $16.00 after the company reported better-than-expected fourth-quarter financial results.
- Sunation Energy Inc (NASDAQ:SUNE) shares were also up, gaining 36% to $1.96 after the company reported fourth-quarter results on Wednesday after market close.
Equities Trading DOWN
- U Power Ltd (NASDAQ:UCAR) shares dropped 67% to $0.15 after the company announced pricing of $6.0 million public offering.
- Shares of Reviva Pharmaceuticals Holdings Inc (NASDAQ:RVPH) were down 57% to $0.81 after announcing pricing of $10 million public offering.
- MDJM Ltd (NASDAQ:UOKA) was down, falling 60% to $0.58. MDJM announced receipt of Nasdaq suspension determination.
Commodities
In commodity news, oil traded up 0.7% to $97.01 while gold traded down 6.4% at $4,585.30.
Silver traded down 10.6% to $69.360 on Thursday, while copper fell 3.2% to $5.4165.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 2.4%, while Spain's IBEX 35 Index fell 2.5%. London's FTSE 100 fell 2.5%, Germany's DAX declined 2.6% and France's CAC 40 fell 2.2% during the session.
Asia Pacific Markets
Asian markets closed lower on Thursday, with Japan's Nikkei 225 falling 3.38%, Hong Kong's Hang Seng index dipping 2.02%, China's Shanghai Composite falling 1.39% and India's BSE Sensex declining 3.26%.
Economics
- U.S. initial jobless claims declined by 8,000 from the previous week to 205,000 in the second week of March, compared to market estimates of a 2,000 gain.
- The Philadelphia Fed Manufacturing Index surged to 18.1 in March, recording the highest reading since September 2025, and up from 16.3 in February.
- U.S. building permits declined 4.7% month-over-month in January to an annual rate of 1.386 million.
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