U.S. stocks traded lower toward the end of trading, with the Dow Jones index dipping more than 650 points on Thursday.

The Dow traded down 1.61% to 40,184.39 while the NASDAQ fell 2.77% to 17,111.79. The S&P 500 also fell, dropping, 1.78% to 5,424.16.

Leading and Lagging Sectors

Utilities shares gained by 1.5% on Thursday.

In trading on Thursday, information technology shares fell by 4%.

Top Headline

Moderna Inc(NASDAQ:MRNA) stock dipped more than 20% on Thursday as the company lowered its 2024 sales guidance due to weaker demand for its COVID-19 vaccines.

Moderna now projects 2024 net sales of between $3 billion and $3.5 billion from its respiratory franchise versus previous...