Dow Falls 250 Points; US Initial Jobless Claims Rise

U.S. stocks traded lower this morning, with the Dow Jones index falling more than 250 points on Thursday.

Following the market opening Thursday, the Dow traded down 0.56% to 46,171.31 while the NASDAQ fell 1.15% to 21,677.52. The S&P 500 also fell, dropping, 0.82% to 6,537.54.

Leading and Lagging Sectors

Energy shares climbed by 0.6% on Thursday.

In trading on Thursday, communication services stocks fell by 1.6%.

Top Headline

U.S. initial jobless claims increased by 5,000 from the previous month to 210,000 during the third week of March, in-line with the median market estimates.

Equities Trading UP
           

• Kodiak Sciences Inc (NASDAQ:KOD) shares shot up 63% to $36.99 after the company announced topline results in the GLOW2 Phase 3 superiority study of Zenkuda for the treatment of patients with diabetic retinopathy.
• Shares of …

Full story available on Benzinga.com