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U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling around 0.4% on Thursday.
The Dow traded down 0.20% to 49,392.89 while the NASDAQ fell 0.38% to 24,562.83. The S&P 500 also fell, dropping, 0.11% to 7,130.12.
Leading and Lagging Sectors
Utilities shares jumped by 2.1% on Thursday.
In trading on Thursday, information technology stocks fell by 0.9%.
Top Headline
U.S. initial jobless claims climbed by 6,000 to 214,000 in the week ending April 18, compared to market estimates of 212,000.
Equities Trading UP
- United Rentals Inc (NYSE:URI) shares shot up 20% to $965.28 after the company reported better-than-expected first-quarter financial results and raised its FY26 sales guidance.
- Shares of Cumberland Pharmaceuticals, Inc. (NASDAQ:CPIX) got a boost, surging 43% to $4.36 after the company announced that Apotex will acquire its line of branded pharmaceuticals for $100 million.
- Helen of Troy Ltd (NASDAQ:HELE) shares were also up, gaining …
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