Dow Tumbles Over 100 Points; US Initial Jobless Claims Fall Last Week



U.S. stocks traded mixed midway through trading, with the Dow Jones index falling more than 100 points on Thursday.

The Dow traded down 0.29% to 38,565.98 while the NASDAQ rose 0.26% to 15,796.91. The S&P 500 also fell, dropping, 0.09% to 4,990.59.

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Leading and Lagging Sectors


Energy shares rose by 0.7% on Thursday.

In trading on Thursday, utilities shares fell by 1.1%.


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U.S. initial jobless claims declined by 9,000 from the previous week’s revised reading to 218,000 during the recent week, compared to market estimates of 220,000.


Equities Trading UP


Syra Health Corp. (NASDAQ: SYRA) shares shot up 254% to $4.07 after the company announced a partnership for a federal contract valued at $75 billion.

Shares of U Power Limited (NASDAQ: UCAR) got a boost, surging 40% to $0.0920. The company appointed Jean Christophe von Pfetten as an independent director and a member of the Board’s Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee, effective Feb. 1, 2024.

Arm Holdings …

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