Dow Falls Over 100 Points; US Producer Prices Rise In October

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling over 50 points on Thursday.

The Dow traded down 0.29% to 43,828.65 while the NASDAQ fell 0.29% to 19,175.65. The S&P 500 also fell, dropping, 0.33% to 5,965.40.

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Leading and Lagging Sectors

Financials shares rose by 0.3% on Thursday.

In trading on Thursday, health care shares fell by 0.9%.

Top Headline

U.S. producer prices rose 0.2% month-over-month in October compared to a revised 0.1% gain in September and in-line with market expectations.

Equities Trading UP
                       

• AgEagle Aerial Systems, Inc. UAVS shares shot up 162% to $4.1996 after the company announced 17 new purchase orders for its eBee TAC drones from U.S. defense and security customers.
• Shares of Hillenbrand, Inc. HI got a boost, surging 15% to $34.53 following upbeat quarterly results.
• Gaxos.ai Inc. GXAI shares were also up, gaining 33% to $1.9210 after the company’s board approved the purchase of up to $1 million in Bitcoin as a treasury reserve asset.

Equities Trading DOWN

• Nuvectis Pharma, Inc. NVCT shares dropped 44% to $6.00 after the company reported data from its Phase 1b study evaluating NXP800.
• Shares of Sow Good Inc. SOWG were down 48% to $5.13 after the company reported worse-than-expected quarterly financial results.
• Vislink Technologies, Inc. VISL was down, falling 25% to $4.8904 after the company reported worse-than-expected third-quarter financial results.

Commodities

In commodity news, oil traded up 0.2% to $68.54 while gold traded down 0.8% at $2,566.20.

Silver traded down 1.1% to $30.340 on Thursday, while copper fell 0.1% to $4.0780.

Euro zone

European shares were higher today. The eurozone's STOXX 600 gained 1.03%, Germany's DAX climbed 1.34% and France's CAC 40 gained 1.22%. Spain's IBEX 35 Index gained 1.21%, while London's FTSE 100 rose 0.42%.

Asia Pacific Markets

Asian markets closed lower on Thursday, with Japan's Nikkei 225 falling 0.48%, Hong Kong's Hang Seng Index falling 1.96%, China's Shanghai Composite Index dipping 1.73% and India's BSE Sensex falling 0.14%.

Economics

• U.S. initial jobless claims declined by 4,000 from the previous week to 217,000 in the week ending Nov. 9, compared to market estimates of 223,000.
• U.S. producer prices rose 0.2% month-over-month in October compared to a revised 0.1% gain in September and in-line with market expectations.

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