Midway through trading Thursday, the Dow traded down 0.56% to 29,023.07 while the NASDAQ fell 0.14% to 9,370.32. The S&P also fell, dropping 0.38% to 3,309.20.

Leading and Lagging Sectors

Real estate shares climbed 0.6% on Thursday. Meanwhile, top gainers in the sector included Rafael Holdings, Inc. (NYSE:RFL), up 9%, and Innovative Industrial Properties, Inc. (NYSE:IIPR), up 3%.

In trading on Thursday, health care shares fell 1.2%.

Top Headline

Procter & Gamble (NYSE:PG) reported better-than-expected earnings for its second quarter, while sales missed estimates.

Procter & Gamble reported second-quarter earnings of $1.42 per share on Thursday, which beat the analyst consensus estimate of $1.37. The company reported quarterly sales of $18.24 billion, which missed the analyst consensus estimate of $18.35 billion.

Equities Trading UP

Trans World Entertainment Corporation (NASDAQ:TWMC) shares shot up 222% to $7.35 after the company reported a deal to sell FYE Segment for $10 million in cash.

Equities Trading DOWN

Tetraphase Pharmaceuticals, Inc. (NASDAQ:TTPH) shares tumbled 32% to $2.62 after the company reported $17.5 million of financings priced at-the-market.

FuelCell Energy, Inc. (NASDAQ:FCEL) was down, falling 21% to $1.75 after the company reported worse-than-expected Q4 earnings results on Wednesday. Craig-Hallum also downgraded the stock from Hold to Sell and announced a price target of $1.5 per share.

Commodities

In commodity news, oil traded down 2.5% to $55.31, while gold traded up 0.4% to $1,562.90.

Silver traded down 0.2% Thursday to $17.785, while copper fell 1.8% to $2.716.

Euro zone

European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.7%, the Spanish Ibex Index fell 0.5%, while Italy’s FTSE MIB Index gained 0.1%. Meanwhile, the German DAX dropped 0.8%, and the French CAC 40 fell 0.6% while UK shares fell 0.9%.

Economics

Initial jobless claims rose 6,000 to 211,000 in the latest week.

U.S. leading economic indicators fell 0.3% in December.

U.S. crude supplies dropped 400,000 barrels for the week ended January 17, the Energy Information Administration reported. Analysts projected a gain of 500,000 barrels.

Domestic supplies of natural gas declined 92 billion cubic feet for the week ended January 17, the Energy Information Administration reported.