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Dow Dips 250 Points; US Weekly Jobless Claims Surge

Benzinga ·  Jul 19 00:06

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 200 points on Thursday.

The Dow traded down 0.61% to 40,947.68 while the NASDAQ fell 1.22% to 17,776.55. The S&P 500 also fell, dropping, 0.79% to 5,544.08.

Leading and Lagging Sectors

Energy shares jumped by 0.7% on Thursday.

In trading on Thursday, information technology shares fell by 0.8%.

Top Headline

U.S. initial jobless claims increased by 10,000 to 243,000 in the week ending July 13, compared to market estimates of 230,000.

Equities Trading UP

  • CommScope Holding Company, Inc. (NASDAQ:COMM) shares shot up 15% to $1.9693. Amphenol announced plans to acquire mobile networks businesses from CommScope.
  • Shares ofSilo...
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