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Nasdaq Dips 200 Points; Alphabet Posts Upbeat Earnings

U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 200 points on Thursday.

Following the market opening Thursday, the Dow traded down 0.56% to 49,225.33 while the NASDAQ dipped 0.89% to 22,700.74. The S&P 500 also fell, dropping, 0.74% to 6,831.80.

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Leading and Lagging Sectors

Consumer staples shares gained by 0.3% on Thursday.

In trading on Thursday, consumer discretionary stocks fell by 2.2%.

Top Headline

Alphabet reported fourth-quarter revenue of $113.83 billion. The revenue total beat a Street consensus estimate of $111.31 billion according to data from Benzinga Pro. The company reported fourth-quarter earnings per share of $2.82, beating a Street consensus estimate of $2.63

Equities Trading UP
           

Equities Trading DOWN

Commodities

In commodity news, oil traded down 2.4% to $63.58 while gold traded down 1.5% at $4,877.70.

Silver traded down 10% to $75.950 on Thursday, while copper fell 0.5% to $5.8225.

Euro zone

European shares were lower today. The eurozone's STOXX 600 fell 0.8%, while Spain's IBEX 35 Index fell 1.4%. London's FTSE 100 fell 0.3%, Germany's DAX slipped 0.6% and France's CAC 40 fell 0.3% during the session.

Asia Pacific Markets

Asian markets closed mostly lower on Thursday, with Japan's Nikkei falling 0.88%, Hong Kong's Hang Seng Index gaining 0.14%, China's Shanghai Composite declining 0.64% and India's BSE Sensex falling 0.60%.

Economics

  • U.S. job openings declined by 386,000 to 6.542 million in December, compared to market estimates of 7.2 million.
  • U.S. initial jobless claims increased by 22,000 from the previous week to 231,000 during the last week of January, compared to market estimates of 212,000.

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