Nasdaq Down Over 1%; US Initial Jobless Claims Fall

U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 1% on Thursday.

Following the market opening Thursday, the Dow traded down 0.50% to 45,889.75 while the NASDAQ fell 1.38% to 22,187.39. The S&P 500 also fell, dropping, 0.94% to 6,575.35.

Check This Out: This General Motors Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday

Leading and Lagging SectorsConsumer staples shares jumped by 0.5% on Thursday.

In trading on Thursday, communication services stocks fell by 1.5%.

Top Headline

Initial jobless claims declined by 14,000 from the previous week to 218,000 in the third week of September, compared to market estimates of 235,000.

Equities Trading UP

PepGen Inc. (NASDAQ: PEPG) shares shot up 107% to $5.51. The company announced the pricing of its $100 million public offering of 31,250,000 shares at $3.20 per share.

Shares of SciSparc Ltd. (NASDAQ: SPRC) got a boost, surging 79% to $6.86 after the company ...

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Nasdaq Down Over 1%; US Initial Jobless Claims Fall

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