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Aug 22, 2024 3:00 PM

Nasdaq Down Over 200 Points; Williams-Sonoma Shares Tumble After Q2 Results

U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling more than 1% on Thursday.

The Dow traded down 0.48% to 40,694.62 while the NASDAQ fell 1.25% to 17,695.46. The S&P 500 also fell, dropping, 0.73% to 5,579.78.

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Leading and Lagging SectorsEnergy shares climbed by 0.5% on Thursday.

In trading on Thursday, information technology shares fell by 1.2%.

Top Headline

Williams-Sonoma, Inc. (NYSE:WSM) shares dipped over 8% on Thursday after the company reported second-quarter results.

The company reported second-quarter adjusted earnings per share of $1.74, beating the analyst consensus of $1.59. Quarterly sales of $1.788 billion missed the street view of $1.811 billion.

Equities Trading UP                       

Peloton Interactive, Inc. (NASDAQ:PTON) shares shot up 37% to $4.61 after reporting better-than-expected second-quarter financial results.

Shares of Rezolve AI Limited (NASDAQ:RZLV) got a boost, surging 17% to $10.36 after the company announced a partnership with ePages.

Air Industries Group (NASDAQ:AIRI) shares were also up, ...