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    Nasdaq Dips Over 100 Points, US Initial Jobless Claims Fall

    Benzinga·12/26/2024 15:07:34
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    U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 100 points on Thursday.

    The Dow traded down 0.40% to 43,125.19 while the NASDAQ fell 0.68% to 19,893.96. The S&P 500 also fell, dropping, 0.53% to 6,008.30.

    Check This Out: Wall Street’s Most Accurate Analysts Give Their Take On 3 Utilities Stocks With Over 4% Dividend Yields

    Leading and Lagging Sectors

    Health care shares fell by just 0.1% on Thursday.

    In trading on Thursday, consumer discretionary shares dipped by 0.8%.

    Top Headline

    U.S. initial jobless claims fell by 1,000 from the previous week to a reading of 219,000 during the second week of December, compared to market estimates of 224,000.

    Equities Trading UP
                           

    • Millennium Group International Holdings Limited (NASDAQ:MGIH) shares shot up 222% to $4.9389.
    • Shares of SciSparc Ltd. (NASDAQ:SPRC)got a boost, surging 180% to $0.6189 after the company announced it received its first shipment of vehicles manufactured by Anhui Jianghuai Automobile Group.
    • Zoomcar Holdings, Inc. (NASDAQ:ZCAR) shares were also up, gaining 91% to $2.7300 after it reported a 43% year-on-year increase in November bookings.

    Equities Trading DOWN

    • Neuphoria Therapeutics Inc. (NASDAQ:NEUP) shares dropped 38% to $4.0814.
    • Shares of Baosheng Media Group Holdings Limited (NASDAQ:BAOS) were down 33% to $4.7500.
    • SaverOne 2014 Ltd (NASDAQ:SVRE) was down, falling 30% to $1.0505.

    Commodities

    In commodity news, oil traded up 0.8% to $70.63 while gold traded up 0.3% at $2,643.90.

    Silver traded up 0.2% to $30.355 on Thursday, while copper rose 0.5% to $4.1300.

    Euro zone

    In Europe, markets in Germany, France, London, Spain and Switzerland are closed for the Boxing Day holiday.

    European shares were higher today. The eurozone's STOXX 600 gained 0.17%, Germany's DAX fell 0.18% and France's CAC 40 rose 0.14%. Spain's IBEX 35 Index rose 0.33%, while London's FTSE 100 rose 0.42%.

    Asia Pacific Markets

    Asian markets closed mostly higher on Thursday, with Japan's Nikkei 225 gaining 1.12%, China's Shanghai Composite Index gaining 0.14% and India's BSE Sensex falling 0.01%.

    Economics

    U.S. initial jobless claims fell by 1,000 from the previous week to a reading of 219,000 during the second week of December, compared to market estimates of 224,000.

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