U.S. stocks traded mostly lower this morning, with the Nasdaq Composite falling over 100 points on Thursday.
Following the market opening Thursday, the Dow traded up 0.01% to 52,492.99 while the NASDAQ dipped 0.55% to 25,326.03. The S&P 500 also fell, dropping, 0.36% to 7,592.02.
Leading and Lagging Sectors
Consumer discretionary shares jumped by 0.8% on Thursday.
In trading on Thursday, information technology stocks fell 1.6%.
Top Headline
NVIDIA Corp. (NASDAQ:NVDA) said Thursday Jensen Huang has resigned as president, chief executive officer and a member of the board, effective immediately.
Colette Kress, executive vice president and chief financial officer, will serve as interim CEO, the company said in a press release.
Equities Trading UP
- Phaos Technlgy Hldngs (Cayman) Limited (NYSE:POAS) shares shot up 367% to $4.21 after gaining over 15% on Wednesday.
- Shares of Children’s Place Inc (NASDAQ:PLCE) got a boost, surging 333% to $0.86 after gaining 11% on Wednesday. According to a Monday Securities and Exchange Commission filing, the company filed for Chapter 11 protection on Nov. 8 in the U.S. Bankruptcy Court for the District of New Jersey.
- Banzai International Inc (NASDAQ:PARA) shares were also up, gaining 112% to $0.15. The company announced that it deployed the $12.1 million proceeds from its recently closed public offering to pay off $11.6 million in debt obligations ahead of schedule.
Equities Trading DOWN
- Cardinal Infrastructure Group Inc (NASDAQ:CDNL) shares dipped 62% to $5.74 after the company reported third-quarter results and announced a stock buyback of up to $50 million.
- Shares of VisionWave Holdings Inc (NASDAQ:VWAV) were down 56% to $0.46 after the company signed a non-binding LoI to acquire 51% of Ukrainian UAS maker EPSERVICE for $7 million in cash.
- SMX (Security Matters) Public Limited Company (NASDAQ:SMX) was down, falling 37% to $7.16.
Commodities
In commodity news, oil traded up 0.1% to $86.58 while gold traded down 2.3% at $3,910.40.
Silver traded down 3.1% to $50.425 on Thursday, while copper fell 1.6% to $6.1910.
Euro zone
European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.1%, while Spain’s IBEX 35 Index slipped 0.1%, London’s FTSE 100 rose 0.1%, Germany’s DAX climbed 0.4%, while France’s CAC 40 surged 0.4%.
Asia Pacific Markets
Asian markets closed mostly lower on Thursday, with Japan’s Nikkei 225 falling 0.70%, Hong Kong’s Hang Seng index falling 1.26%, China’s SSE Composite Index dipping 0.67% and India’s BSE Sensex gaining 0.04%.
Economics
U.S. initial jobless claims increased by 9,000 to 200,000 in the week ending Nov. 7, compared to market estimates of 195,000.
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