U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling around 1% on Thursday.
The Dow traded down 0.43% to 46,228.52 while the NASDAQ fell 1.02% to 21,706.08. The S&P 500 also fell, dropping, 0.75% to 6,542.14.
Leading and Lagging Sectors
Energy shares climbed by 1.6% on Thursday.
In trading on Thursday, communication services stocks fell by 2.3%.
Top Headline
Commercial Metals Co. (NYSE:CMC) reported fiscal second-quarter results Thursday that missed adjusted EPS estimates but beat on revenue, sending shares lower.
CMC reported fiscal second-quarter adjusted earnings of $1.16 per diluted share, missing the $1.30 estimate, while sales of $2.132 billion beat the $2.091 billion estimate.
Net earnings were $93.0 million, or 83 cents per diluted share, on net sales of $2.1 billion. This compares with $25.5 million, or 22 cents per diluted share, on net sales of $1.8 billion a year earlier.
Equities Trading UP
- Kodiak Sciences Inc (NASDAQ:KOD) shares shot up 60% to $36.36 after the company announced topline results …
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