U.S. stocks traded lower midway through trading, with the Dow Jones falling more than 400 points on Thursday.
The Dow traded down 1.01% to 46,936.20 while the NASDAQ fell 1.28% to 22,425.83. The S&P 500 also fell, dropping, 1.01% to 6,707.25.
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Leading and Lagging Sectors
Utilities shares rose by 0.8% on Thursday.
In trading on Thursday, information technology stocks dipped by 1.4%.
Top Headline
Shares of Dollar General Corp (NYSE:DG) fell around 7% on Thursday after the company released earnings results for the fourth quarter.
The company reported quarterly earnings of $1.93 per share which beat the analyst consensus estimate of $1.65 per share. The company reported quarterly sales of $10.911 billion which beat the analyst consensus estimate of $10.820 billion.
Dollar General said it sees FY2026 GAAP EPS of $7.10-$7.35, versus market estimates of $7.23. The company sees sales of $44.305 billion-$44.518 billion, versus expectations of $44.363 billion.
Equities Trading UP
- Tillys Inc (NYSE:TLYS) shares shot up 48% to $2.41 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter sales guidance above estimates.
- Shares of Codexis Inc (NASDAQ:CDXS) got a boost, surging 34% to $1.70 following the company’s fourth-quarter and full-year 2025 earnings release.
- Vera Bradley, Inc. (NASDAQ:VRA) shares were also up, gaining 33% to $3.31 after the company announced upbeat quarterly earnings.
Equities Trading DOWN
- Decent Holding Inc (NASDAQ:DXST) shares dropped 38% to $0.27. Decent Holding announced a 1-for-25 reverse share split effective March 16.
- Shares of Incannex Healthcare Inc (NASDAQ:IXHL) were down 32% to $4.06 after the company announced it company announced the commencement of a $10 million offering of 2 million shares at $5.00 per share.
- Netskope Inc (NASDAQ:NTSK) was down, falling 22% to $9.42 after the company reported fourth-quarter financial results. Also, multiple analysts lowered their price targets on the stock.
Commodities
In commodity news, oil traded up 8.5% to $94.64 while gold traded down 0.3% at $ =5,164.30.
Silver traded up 1.2% to $86.515 on Thursday, while copper fell 0.5% to $5.8635.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 0.6%, while Spain's IBEX 35 Index fell 1.5%. London's FTSE 100 fell 0.6%, Germany's DAX fell 0.5% and France's CAC 40 slipped 0.7% during the session.
Asia Pacific Markets
Asian markets closed lower on Thursday, with Japan's Nikkei 225 falling 1.04%, Hong Kong's Hang Seng index falling 0.70%, China's Shanghai Composite slipping 0.10% and India's BSE Sensex dipping 1.08%.
Economics
- U.S. initial jobless claims declined by 1,000 from the previous week to 213,000 in the first week of March, compared to market estimates of 215,000.
- The U.S. trade deficit shrank to $54.5 billion in January following a revised $72.9 billion gap in December.
- The US goods trade deficit shrank to $80.8 billion in January from $98.5 billion in the prior month.
- U.S. housing starts increased 7.2% month-over-month to an annual rate of 1.487 million in January.
- U.S. building permits declined 5.4% month-over-month to an annualized rate of 1.376 million in January.
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