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Nasdaq Down Over 100 Points; US Crude Oil Inventories Decline

Benzinga ·  May 31 00:00

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 100 points on Thursday.

The Dow traded down 1.01% to 38,055.10 while the NASDAQ fell 0.64% to 16,812.30. The S&P 500 also fell, dropping, 0.48% to 5,241.69.

Leading and Lagging Sectors

Real estate shares rose by 1.3% on Thursday.

In trading on Thursday, information technology shares dipped by 1.7%.

Top Headline

The EIA said stocks of crude oil in the U.S. fell by 4.16 million barrels in the week ending May 24 compared to market estimates of a 1.95 million barrels fall.

Equities Trading UP

  • Foot Locker, Inc. (NYSE:FL) shares shot up 23% to $27.66 following a...
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