Mid-Afternoon Market Update: Dow Dips 200 Points; International Game Technology Shares Gain On Upbeat Earnings

Toward the end of trading Thursday, the Dow traded down 1.21 percent to 17,487.36 while the NASDAQ declined 0.86 percent to 5,023.60. The S&P also fell, dropping 1.07 percent to 2,052.83. Leading and Lagging Sectors In trading on Thursday, telecommunications services shares fell by just 0.14 percent. Top gainers in the sector included China Unicom (Hong Kong) Limited (ADR) CHU, up 3 percent, and Cellcom Israel Ltd. CEL, up 3 percent. Basic materials shares dipped around 1.78 percent in Thursday's trading. Meanwhile, top losers in the sector included LSB Industries, Inc. LXU, down 9 percent, and ArcelorMittal SA (ADR) MT, off 9 percent. Top Headline Kohl's Corporation KSS reported stronger-than-expected earnings for the third quarter. The Menomonee Falls, Wisconsin-based company posted quarterly net income of $120 million, or $0.63 per share, compared to $142 million, or $0.70 per share, in the year-ago quarter. Excluding items, the company's adjusted earnings came in at $0.75 per share. Its sales climbed to $4.43 billion from $4.37 billion. However, analysts were expecting earnings of $0.69 per share on revenue of $4.40 billion Equities Trading UP Angie's List Inc ANGI shares shot up 13 percent to $8.96 after IAC/InterActiveCorp IACI proposed to acquire Angie's List for $8.75 per share in cash. Shares of Kohl's Corporation KSS got a boost, shooting up 6 percent to $45.94 after the company reported stronger-than-expected earnings for the third quarter. International Game Technology Ordinary Shares IGT shares were also up, gaining 5 percent to $16.17 after the company reported upbeat Q3 profit. Equities Trading DOWN Freshpet Inc FRPT shares tumbled 28 percent to $6.01 after the company reported a wider-than-expected loss for the third quarter and lowered its FY15 forecast. Shares of Advance Auto Parts, Inc. AAP were down 14 percent to $166.61 after the company reported weaker-than-expected results for the third quarter and announced the retirement of its CEO. Highpower International Inc HPJ was down, falling 15 percent to $2.29. Highpower reported Q3 adjusted earnings of $0.10 per share on revenue of $37.6 million. Commodities In commodity news, oil traded down 2.63 percent to $41.80, while gold traded down 0.26 percent to $1,082.10. Silver traded down 0.02 percent Thursday to $14.26, while copper fell 2.05 percent to $2.17. Eurozone European shares closed lower today. The eurozone's STOXX 600 declined 1.62 percent, the Spanish Ibex Index fell 2.25 percent, while Italy's FTSE MIB Index slipped 2.35 percent. Meanwhile, the German DAX declined 1.15 percent, and the French CAC 40 slipped 1.94 percent, while U.K. shares fell 1.88 percent. Economics US jobless claims came in unchanged at 276,000 in the week ended November 7. However, economists were projecting claims to reach 268,000 in the week. Crude supplies gained 4.22 million barrels for the week ended November 6, the U.S. Energy Information Administration said. Economists were expecting a rise of 1.02 million barrels.