U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 1% on Thursday.
The Dow traded down 0.64% to 45,824.16 while the NASDAQ fell 1.19% to 22,229.54. The S&P 500 also fell, dropping, 1% to 6,571.28.
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Leading and Lagging Sectors
Energy shares jumped by 0.5% on Thursday.
In trading on Thursday, health care stocks fell by 1.4%.
Top Headline
Accenture (NYSE: ACN) posted better-than-expected fourth-quarter 2025 results on Thursday.
The company reported quarterly earnings of $3.03 per share, topping the analyst consensus estimate of $2.96. The company reported sales of $17.60 billion, slightly exceeding the analyst consensus estimate of $17.36 billion.
Equities Trading UP
PepGen Inc. (NASDAQ: PEPG) shares shot up 89% to $5.03. The company announced the pricing of its $100 million public offering of 31,250,000 shares at $3.20 per share.
Shares of SciSparc Ltd. (NASDAQ: SPRC) got a boost, surging 101% to $7.71 after the company announced plans to launch a quantum computing-enabled 3D protein modeling initiative for drug discovery.
Plus Therapeutics, Inc. (NASDAQ: PSTV) shares were also up, gaining 30% to $0.5264 after the company announced a national coverage agreement with UnitedHealthcare for its CNSide cerebrospinal fluid assay for metastatic CNS cancer.
Equities Trading DOWN
Stitch Fix, Inc. (NASDAQ: SFIX) shares dropped 14% to $4.88 following the release of fourth-quarter results.
Shares of CarMax, Inc. (NYSE: KMX) were down 23% to $43.86 after the company reported second-quarter EPS and sales below estimates.
Cemtrex, Inc. (NASDAQ: CETX) was down, falling 31% to $0.4359 after the company approved a 1-for-15 reverse stock split.
Commodities
In commodity news, oil traded down 0.2% to $64.88 while gold traded down 0.2% at $3,761.50.
Silver traded up 1.2% to $44.725 on Thursday, while copper fell 1% to $4.7660.
Euro zone
European shares were lower today. The eurozone’s STOXX 600 fell 0.52%, while Spain’s IBEX 35 Index fell 0.18%. London’s FTSE 100 fell 0.24%, Germany’s DAX 40 dipped 0.62% and France’s CAC 40 fell 0.46% during the session.
Asia Pacific Markets
Asian markets closed mostly lower on Thursday, with Japan’s Nikkei 225 gaining 0.27%, Hong Kong’s Hang Seng declining 0.13%, China’s Shanghai Composite falling 0.01% and India’s BSE Sensex falling 0.68%.
Economics
U.S. wholesale inventories declined by 0.2% month-over-month to $898.8 billion in August, compared to market estimates of a 0.1% increase.
U.S. durable goods orders climbed by 2.9% month-over-month to $312.1 billion in August, compared to a revised 2.7% decline in July and versus market estimates of a 0.5% fall.
The U.S. trade deficit in goods shrank by $17.3 billion month-over-month to $85.5 billion in August, compared to market estimates of $95.65 billion.
Initial jobless claims declined by 14,000 from the previous week to 218,000 in the third week of September, compared to market estimates of 235,000.
The U.S. economy grew by an annualized rate of 3.8% in the second quarter, up from 3.3% in the second estimate.
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